chartistamey

CAMS standing on a strong demand zone

Long
chartistamey Updated   
NSE:CAMS   COMPUTER AGE MNGT SER LTD
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.
Trade active:
2117 from 2050
Comment:
2210+ today!
Reversal trades are slow but probability of targets are high.
Comment:
2265, approaching T1 of 2300 slowly
Trade closed: target reached:
2345 high made on 4th july
above 2350, stock can move up till 2600 positionally
Comment:
2600 done finally
Comment:
Stock has doubled finally

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