Bharat Forge has formed long bullish candlestick pattern with minor upper & lower shadows on the daily scale with robust volumes. The stock climbed above 21 as well as 50-day EMA on Monday.

Sectorally, buying was seen in capital goods, metals, utilities and oil & gas while consumer durable stocks saw some selloff.

In this article, we delve into the Relative Strength Index (RSI) and its significance in stock analysis. We spotlight 4 stocks that recently exhibited a downward trend in their RSI values.

This article delves into the Relative Strength Index (RSI) and its significance in assessing stock movement. It highlights three stocks that have witnessed an upward trend in RSI, providing valuable insights for potential investors.

ICICI Securities recommended hold rating on Amber Enterprises India with a target price of Rs 2920 in its research report dated October 24, 2023.

Sharekhan is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 3250 in its research report dated October 23, 2023.

On October 25, Nifty50 dropped 160 points to 19,122, forming a bearish candlestick pattern on the daily charts with a bearish RSI crossover. BSE Sensex also declined by 523 points, closing at 64,049. Notably, Amber Enterprises India, Tata Teleservices, and Tata Elxsi stood out as stocks that defied the bearish trend.

Amber Enterprises India Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 10016.64 Crore) operating in Consumer Durables sector.

Several analysts have retained its rating on Amber Enterprises India Ltd and increased its target price even as its losses for the September quarter widened from a year ago.

The company recently entered into a joint venture with Nexxbase Marketing Private Limited, which operates Noise Brand. Singh expects Rs 1,000 crore revenue from the next fiscal

This joint venture will enable both companies to address the evolving customer demands, provide high-quality products, and foster the growth of the local manufacturing and design ecosystem in India.

Sharekhan is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 3550 in its research report dated September 08, 2023.

For Kaynes Tech, CLSA has an 'outperform' rating with target at Rs 2,230 a share, 11 percent higher from the current market prices. It India’s Electronics Manufacturing Services industry to deliver a 22 percent revenue CAGR over the next decade

This gains significance as the Singapore Government, on August 25, also bought 4.05 lakh equity shares in Amber Enterprises India.

Societe Generale, Morgan Stanley buy 1.57% stake in Paytm

Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 9419.25 Crore) operating in Consumer Durables sector.

Sector-wise, buying was seen in consumer durables, and mid & smallcap stocks while utilities, energy, capital goods, and oil & gas witnessed heavy selling.

Indian students account for only one-fifth of Ambers base; the balance 80% comes from students across 50 countries including Indonesia, Malaysia, Thailand, Vietnam, Saudi Arabia, and Nigeria, Goel said. As much as 50% of its base is foreigners studying in their home country, but away from home.

Sharekhan is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2800 in its research report dated July 26, 2023.

ICICI Securities recommended hold rating on Amber Enterprises India with a target price of Rs 2297 in its research report dated July 27, 2023.

Emkay Global Financial recommended hold rating on Amber Enterprises with a target price of Rs 2300 in its research report dated July 26, 2023.

The company reported revenue from operations of Rs 1,702 crore in June 2023, down 7 percent from Rs. 1,826 crore in June 2022.

Net Sales are expected to increase by 15 percent Y-o-Y (down 30.1 percent Q-o-Q) to Rs. 2,099.1 crore, according to Nirmal Bang.

YES Securities is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2929 in its research report dated July 03, 2023.

Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7386.51 Crore) operating in Consumer Durables sector.

In this article, we delve into these three stocks. Gain insights into the implications of these patterns and learn more about these companies to make informed investment decisions.