Bullish setup in CAMS which is fundamentally good stock and a trendy one for last few months. If it test the previous resistance trend line then good buying opportunity with good RR ratio as we can place stoploss below resistance line of pattern or support line of pattern as per your RR ratio or money management. This is my own analysis. Take decision with proper planning and plan everything. That's very important before taking any action.
“Risk comes from not knowing what you're doing” - Warren Buffett
This post is for education purpose only.
Comment
⋅
On the 1st day of week it closed 5.15% up. It didn't completely retested the previous resistance line. It opened gap up and continued the rally... Let's see how it moves further. Hope you like my content.
Can you update more on CAMS about how it looks now
AkshayAdak
⋅
@Stockoholic_PearlCity, It is currently in very bullish trend.
again gave breakout with a small symmetric triangle formed in last few trading sessions.
This breakout is with very good momentum and volumes are also good.
Buying at this levels is not very good decision,even if further we may see good up move.
Though if you are a risky trader you can buy, but your stoploss may get widen.
But I think now correction is necessary and a consolidation phase to build up again strong good momentum in coming weeks.