CAMS | BREAKOUT |Price Action
Simple Price Action
In Month of June, price took resistance of 200EMA.
Later in Early July price crossed 200EMA with huge volume and in mid-July Price retested 200EMA and support was established.
Now with 21 July candle which ended positive when Nifty was crashing gives confidence that stock will continue upward trend.
Risk/Reward : 1.5
Buy : 2300
SL: 2135
Target : 2540
Keep in mind 14 August Dividend Date and trade accordingly.
In Month of June, price took resistance of 200EMA.
Later in Early July price crossed 200EMA with huge volume and in mid-July Price retested 200EMA and support was established.
Now with 21 July candle which ended positive when Nifty was crashing gives confidence that stock will continue upward trend.
Risk/Reward : 1.5
Buy : 2300
SL: 2135
Target : 2540
Keep in mind 14 August Dividend Date and trade accordingly.
Trade active
Note
One way journey from 2300 to 2500.Start booking partial profit OR bring SL to buying price.
Trade closed: target reached
+10.5% in 18 trading days. Trade closed.
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