CAMPUS/CNX500 Ratio chart shows stock is showing strength.
It broke Trendline and making Inverted Head & Shoulder. Need to break resistance to outperform cnx500 stocks.
When market is down, I think campus is going to be strong stock or if market is good, campus might outperform.
Lets plan accordingly
CAMPUS was in Channel since last year and now finally moved out of the zone and RETEST will make this breakout a perfect one.
Target : Double/ Triple
Duration 5-6 months
Introduction:-
We have seen an amazing bull run in global markets including our Indian markets in the past 3 years. Many investors have been able to gain multibagger returns from this bull run.
However, we all must understand that like every coin has 2 sides, every bull run has few stocks which are either under performing(like our beloved HDFC Bank) or are part...
Campus Activewear tanks 10%; hits new low on weak Q2 results
The company experienced subdued performance amid reduced sales volumes during the quarter due to a difficult macro-economic environment and some channel inventory correction .
Shares of Campus Activewear hit a new low of Rs 237.70, as they slipped 10 per cent on the BSE in Friday’s intra-day trade...
I updated about this stock a while ago.
The correction took a little longer than I anticipated last time.
It has turned out to be a complex form of correction.
So far looks like 2 set of ABC and each connected by wave X.
We mark it as WXYXZ and now the last set denoted by Z is under formation.
As per books the Z can be in form of triangle, or a simple ABC as...
This stock looking good to start accumulation for your long term portfolio.
I have tried to mark elliot waves on weekly time frame.
Its an ABC correction where B is irregular and then an Ending Diagonal in its C.
Fresh 5 impulsive waves should start from here.
Will keep updating as and when required.
All the best guys.
