Amber Enterprises set to resume next leg of rally

Amber Enterprises

Amber Enterprises has more than doubled investors’ wealth in the last year compared to the 46 percent run of Nifty50. On a year-to-date basis as well, the stock’s 28 percent run-up beat Nifty50’s 13 percent gain.

Since hitting a 52-week high in March 2021, the stock entered a consolidation phase. However, technical charts suggest that the stock is now ready to resume the second leg of the rally. Long-term investors can hold onto positions and look for an upside of over 20 percent from current levels, suggest experts.

News Source:-Moneycontrol

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