AMAZON AMZN Market Cap: 1.981T as of 28-04-25
Friends, once again welcome to your own blog. You all know that this blog is teaching you all those methods. You can understand the market very well.
Today we are analyzing the chart of Amazon AMZN. We all know that Amazon is fulfilling the basic needs of all of us today. Which means we understand how it is performing in the market and where should we buy it or should we sell it. It is very important that we do all these things, paper trade, paper investment. Rest once you get the knowledge of it, you can definitely enter it in your own way.
Amazon Important Levels:
Friends, you all can see that when the market opened gap down in August 2024. Precisely seeing chart of August 2, then after that it made a sideways move for three-four day. Made certain important levels and then went upside.
Recently if we see, we will be able to understand one thing that when there was a time of tariff news in the market. Where did Amazon AMZN support at a certain level is around 160. 160 has become a very important level for us which got created back in Aug 24. And here we have to mark a very important support once again.
We move towards the next support, we will get the next particular support around 173. Because we will be able to see clearly that in the recent times on around 22nd April 2025. The Amazon AMZN gave respect to this level, after that it definitely stood at this level.
Amazon Chart Factors in Mind:
If the market comes to this certain level, then it can definitely give a lot of respect to it in paper trade. And by giving respect, it is possible that between 165 to 173, the Amazon AMZN can give us certain entries on paper trade.
The second thing is that if we understand one more thing about the Amazon AMZN that particular level is coming between 197 and 205. It can work as a resistance here. Now when the Amazon AMZN will go up on the side and in the meantime we can see that EMA is also coming. So we can see that if it gets RETESTed. Then we can get a very good moment of UPSIDE in the Amazon AMZN and for that our target can be up to 220.
Friends, keep one thing in mind that this analysis I am telling you is for paper trade & paper investment. For your learning, this is not any real investment, not a real trade. Understand the blog, then I believe that you will have clarity on how to work in the Amazon AMZN.
And in what way we can respect the resistances & supports. Once again thank you so much. And I hope that you liked the analysis, in this if you understand for the short or medium term paper investments. Your target can be up to 228 – 235 as well in Amazon AMZN.
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