AMBER trade ideas
amber Union Road Transport Minister Nitin Gadkari said all trucks will now need to have air-conditioned driver compartments starting 2025.
Amber Enterprises, which manufactures air conditioners for buses, metros, and railways
Products
Room Air Conditioners
Window Room Air Conditioners
Split Air Conditioner
Inverter Split Air Conditioners
AC Components
Heat Exchanger
Sheet Metal Component Non Ac Components
Electric Motor
Copper Tubing
Non Ac Components
Plastic Extrusion
Vacuum Forming
Sheet Metal Component Non Ac Components
PCB Assembling
Mobile Air Conditioners
Railway Air Conditioners
Metro Air Conditioners
Bus Air Conditioners
Defence & Telecommunications
AMBER ENTER CHART ANALYSISPrior month candle and cur.month candle still in Red
Same chart on daily chart @ formation of falling wedge and trying to get breakout @ 2412
Other possibility
if down trend continued, than may touch at point d,@;1610.
At @ projected d point, .formation of xabcd looks like a bullish cypher.
Than can be considered as bulls will be in line.
Chart for study purpose ,if any uneven obsevations could be changed.
Trade should be in consultation with fin. advisor.
Amber Enterprises Ltd.Amber Enterprises Ltd.
Inverted Hammer / Shooting Star: Daily Basis
Daily Vol. BreakOut. Weekly Strong Push Back
*Once Crosses 2904, Further Upside Possible!!!*
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
*Fundamentally Strong Co*
~23.6% share in Room AC market /Prominent solution provider for AC OEM/ODM Industry in India.
Increasing product offerings / Customer additions / Foray into Commercial AC space / Entry into exports will drive longterm growth.
Increasing Sales/Profitability on Qtrly/Yrly Basis.
RoA/RoE/RoCE: Moderate Levels. Increased Ops. Cash Flow / Better WC Cycle for FY22.
Low Equity / Increasing TNW / Promoter Stake constant.
RAC industry volumes expected to grow by 30%+ for FY23.
*Concern:*
Increased Leverage for FY22. Facing Supply Chain Constraint- Expected to normalise
Decline in FII/DII Stake
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)