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After hours of trying to find the best approach , realized that cursor object is the best way to get reference to axis value accrodingly to current position.
this.chart.cursor.events.on("cursorpositionchanged", function(ev) {
var yAxis = ev.target.chart.yAxes.getIndex(0);
console.log("y: ", yAxis.positionToValue(yAxis.toAxisPosition(ev.target.yPosition)));
});
https://www.amcharts.com/docs/v4/tutorials/tracking-cursors-position-via-api/
or event on dragging event you can still access
const yAxis = this.chart.yAxes.getIndex(0);
const axisValue = yAxis.positionToValue(yAxis.toAxisPosition(this.chart.cursor.yPosition)
Source:stackexchange.com