Long opportunity in CAMS

Sep 10, 2021

This scrip is in an uptrend since its debut, so one might add quantities whenever there is a correction. This scrip is now in a correction and there is a high possibility that it might reverse from the monthly central pivot. Wait for the scrip to come around the pivot region to take your long position.

Sep 15, 2021

Trade active

Still looking bullish, not a sign of reversal as it is trading above the Monthly Fibonacci Pivot. Try to buy on dips.

Sep 21, 2021

Trade closed manually

It had crossed below the Pivot, so avoid going long now and don't try to short until the trendline breaks down. The fall may be due to fall of market, once market recovers we may see an up move in this scrip too. I expect there could be chance that it might take support from trend line. So have an eye on it

Sep 28, 2021

Note

This scrip had bounced back from the trendline support today but it is still trading below the Monthly Pivot, so wait for the scrip to cross above the Pivot and let it retest it, we may then go long in it.