Amber Enterprises Breaks Out from Double Bottom – Bullish View

Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a trading idea on the double bottom chart pattern. Stock name is Amber Enterprises. So let's start guy's
Amber Enterprises (NSE) has given a strong bullish breakout from a double bottom pattern on the daily chart, indicating a potential trend reversal. The breakout has been accompanied by strong volume, confirming buyers’ dominance at current levels. If the stock sustains above the entry zone of 6190-6135, it could gain further momentum towards the first target of 6663, followed by 7171, and a long-term target of 8094. A stop loss should be placed below 5473 to manage risk effectively. This setup presents a good risk-to-reward opportunity for swing traders, but proper risk management is crucial before entering the trade.

Fundamental Ratios

Market Cap
₹ 20,886 Cr.
Current Price
₹ 6,175
High / Low
₹ 8,177 / 2,991
Stock P/E
94.0
Book Value
₹ 624
Dividend Yield
0.00 %
ROCE
10.2 %
ROE
6.74 %
Face Value
₹ 10.0
Industry PE
42.4
Debt
₹ 2,032 Cr.
EPS
₹ 65.9
Promoter holding
39.7 %
Intrinsic Value
₹ 1,819
Return over 5years
33.5 %
Debt to equity
0.96
Net profit
₹ 232 Cr.

Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.

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