Camlinfine offers good Risk To Reward. Add to WL

Dec 27, 2024

⚠️ HIGH-RISK, HIGH-REWARD OPPORTUNITY
Stock: CAMLINFINE
Time Frame: 🕒 Daily

🎯 Entry Strategy
📌 Entry Trigger: ₹133.6 (Wait for a weekly close above this level)

📈 Targets
T1: ₹144.4
T2: ₹168.8
T3: ₹186.2
ATH Potential: ₹231.39
🔻 Stop-Loss (SL): ₹111.7 (16% risk)

🔍 Technical Highlights

📐 Trendline Breakout followed by a healthy consolidation.
Formation of a ☕ Cup & Handle pattern—indicative of bullish momentum.

🔄 Inverse Head & Shoulders, signaling a potential trend reversal.

⚠️ Risks to Consider

Weak fundamentals, with poor ROE and ROCE.
Volume needs significant improvement for sustained momentum.

💡 Why This Could Work

If this marks the start of a trend reversal, the potential reward is substantial.
However, this is a high-risk bet, so position sizing and risk management are absolutely critical.

Jan 2

Note

T1 Hit in a day. Watch for a close above T1 and lock in some profit.