BULLISH ROUNDING BOTTOM PATTERN IN CAMPUS ACTIVE WEAR

2 days agoA bullish rounding bottom pattern is clearly visible in campus active wear, where after a big fall long consolidation was seen around 300. stock has surged past its recent swing highs of 276 and 300. an inverse head and shoulder pattern with broad bas can also been seen with a break out with clear high volumes. Stock daily volumes and weekly basis volumes are clearly increasing. FII and DII have both increased their stake in the past June Quater from 5.22 to 5.94 and 7.79 to 9.44% after a long selling by them. Institutional buying is clear in the volume surges. An uptrend with higher highs and lower lows can be seen on daily time frame. With festive season nearby, these signs can be a good signs for the reversal of this beaten down stock. stock is also trading above its 20, 50 and 200 DEMA. good risk to reward can be seen in campus active wear. SL 290 at 50 DEMA on closing basis and targets till 425 may be possible.
Not a recommendation.