CAMS standing on a strong demand zone
Updated
CAMS has been in a downtrend from end of 2021. We can see on the chart that the stock is consolidating near a strong support of 2000 level.
RSI is forming higher lows which indicate strength of buyers at this level.
It looks attractive at CMP for a positional long trade for minimum target of 2300.However, a weekly closing below 2000 levels will have a sharp fall upto 1750 levels which is a major risk.
Kindly consider this idea for educational purposes and trade as per your own analysis.
RSI is forming higher lows which indicate strength of buyers at this level.
It looks attractive at CMP for a positional long trade for minimum target of 2300.However, a weekly closing below 2000 levels will have a sharp fall upto 1750 levels which is a major risk.
Kindly consider this idea for educational purposes and trade as per your own analysis.
Trade active
2117 from 2050Note
2210+ today!Reversal trades are slow but probability of targets are high.
Note
2265, approaching T1 of 2300 slowlyTrade closed: target reached
2345 high made on 4th julyabove 2350, stock can move up till 2600 positionally
Note
2600 done finallyNote
Stock has doubled finally
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