AMBER: Wave 5 Setup in Progress

AMBER Enterprises (AMBER): Wave 5 Setup in Progress
Wave Analysis:

The stock is currently in the Wave 4 corrective zone between 5,762 - 5,667 INR, a key support area.
A potential liquidity sweep below 5,667 INR could attract strong buying interest.
Target zones for Wave 5 completion are 6,976 - 7,127 INR.
Key Observations:

Wave Structure: Completion of Waves 1, 2, and 3; Wave 4 is nearing a reversal zone.
Liquidity Sweep Potential: A dip below 5,667 INR might collect stop-loss liquidity before reversing.
Trading Plan:

1. Entry:
   
   Look for entry near 5,762 - 5,667 INR upon confirmation of reversal (e.g., bullish candle with volume).
   Monitor behavior if prices dip below 5,667 INR and recover sharply.
   
2. Stop-Loss: Place stop-loss below 5,060 INR (invalidates Wave 4).
   
   
3. Target Levels:
   
   First target: 6,500 INR (partial profit booking).
   Final target: 7,000+ INR (completion of Wave 5).
   
4. Indicators to Monitor:
   
   RSI for oversold conditions at entry zones.
   Volume confirmation during reversal.
   

Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before trading.