CAMS Attempted BO [Weekly]

Nov 14, 2023

Into the new week, CAMS breaking out of a long weekly base, as volumes atttract, this might move further. Keep an eye out for that.

Feb 8

Note

CAMS trying to break 2971 high it created a few weeks back, volumes on a weekly level are not above average but the stock has consolidated sideways and shown some volume interest on a daily level.
Let''s see how this plays. 2971 is a level where overhead supply is there, but once this breaks this can move ahead to another supply level of 3252

Feb 23

Note

Good volumes now and BO this week as well, Keeping in the list for now

Feb 27

Note

Going good, in Momentum BO was strong with volumes. Would advise to had a trailing stop at 21DMA or 50DMA if taken a trade in this.

Mar 7

Note

Taking support now at 50 EMA after some volatile action. Let's see if this holds and goes back in the trend since BO.

Mar 13

Note

Below 50 EMA now.., considering how the market is, not sure if one should still track this right now..