CAMS H&S PATTERN BREAKOUTCAMS breaks H&S pattern
huge volume builtup
trading above all key ema
educational idea only
CAMS
CAMS Stock: Still in Correction, Wait for Wave 5 to CompleteNSE:CAMS is currently in a correction phase, according to the Elliott Wave Theory. The stock has completed wave 3 of the correction, and wave 5 is yet to complete. This means that the stock is likely to continue to decline until it reaches the Fibonacci level of 0.618, which is around ₹1,863 per share. Once the stock reaches this level, it is expected to start a new uptrend.
The Elliott Wave Theory is a technical analysis tool that uses wave patterns to predict future price movements. The theory states that stock prices move in five waves, with three waves up and two waves down. The waves are labeled as A, B, C, and so on.
In the case of CAMS, the stock has completed wave 3 of the current correction, which is a downtrend. Wave 5 is yet to complete, and it is expected to be a downtrend as well. The Fibonacci level of 0.618 is a common support level, and it is likely that the stock will reach this level before it starts to rally again.
Therefore, investors who are interested in buying CAMS stock should wait until it reaches the Fibonacci level of 0.618 before they buy. This will help to ensure that they are buying the stock at a good price.
POSSIBLE TREND REVERSAL IN CAMS!! (BUYING opportunity)Trend reversal can be seen in the charts of CAMS (Computer age management services ltd) on daily time frame.
It has taken support from the levels of 2000-2170 multiple times
this could be a great opportunity for accumulating the shares of CAMS
start long positions in this scrip if it sustains above the levels of 2170
If it breaks the support levels then further downside can be seen
cams looks so clear to get your portfolio into green cams buy with sl _ 2248 with target - 2500/2700++. just do a small entry with 200 qty . and get ready to fly
CAMS - Catch it youngStock is in a real nice corrective move from very highs of around 4100. Now after several weeks of consolidation in the form of rounding bottom pattern it is at the verge of breakout the neckline area of 2550-2630. So 'Catch it young before the breakout'.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Computer Age Management Systems CAMS can be bought @cmp with SL 2440.
CAMS looking for breakout at weekly chart patterns and above 2653 it can go up and touch 2700,3000 soon.
CAMS is a good buy candidateCAMS has been consolidating for long=, but now looks like consolidation is over and it is ready to go up, this is only for education purpose, do your own study for buying or selling
CAMS ON THE VERGE OF BREAKOUT!!!Computer Age Management Services Limited (CAMS) is ready to give breakout above the range of 2640-2680. Watch out to catch it before breakout, can add it in dips near support region. Moreover, a very strong fundamental company with a strong market share of approx. 70% in Mutual Fund Industry.
CAMS Trendline BrokenCAMS - Recent positive news flow of CAMS subsidiary collaborating with Microsoft
Trend line broken
Rising volumes observved
CAMS - Rounding bottom + Accumulation done - Swing/InvestmentThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
CAMS Long (12 Sep)CAMS Long (12 Sep)
RSI- 74
Breakout of down trend line, 200 day EMA & 50 week EMA with good volumes at weekly close
Buy at CMP- 2585 or at 2500
SL- 2410
Target- 2810, 3010
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
[Positional] CAMS Long IdeaCAMS is in strong up momentum now and it has broken the trendline, it was follwoing since last six months. A goog long postion can be taken in CAMS once it breaks last swing high of 2491.
Entry :- 2491
SL:- 2185(last swing low)
Target:- 2950
Target should take some time to reach - anywhere between 2-6 months.
CAMS - Rounding bottom + Accumulation done - Swing/InvestmentThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
TRENDLINE BREAK IN CAMSHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move of 40-50 % can be expected in CAMS .
Keep trading ❤️
Hustle hard ✅
CAMSNSE:CAMS
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
CAMS about to break the channel.CAMS has declined for three times from it's resistance. It may breakout of it's Channel pattern in coming few days.
Symmetrical Triangle formation in CAMSCAMS is forming a Symmetrical pattern in daily timeframe and is currently at an important support.
A trade can be taken if it breaks out of the triangle formation or if it sustains any of the supports mentioned in the chart.
Keep an eye on the price movement next week, a trade can be taken once a confirmation is received. Will provide further update on this stock.
Please perform your due diligence before taking any trade.
Happy trading :).
CAMS READY FOR MOVEMENT 130 POINTSLevel to watch: 2600 must sustain daily candles
Target : 2730
Horizon: One week
Regards,
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalCAMS Ltd
Stock giving Breakout and also retested BO levels on Daily Chart
Stock showing good support at 2340 levels
Buy above 2620/2630 levels for targets of 2760/2860/2950
Keep SL of 2410 levels. Keep Mid term views.
Also keep stock for Investment
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Trendline breakout and retest doneTrendline breakout and retest done
possible good swing trade
WATCH HIGH VOLUME (4HR TIME FRAME) AFTER ENTER
CAMS - 2550 Important Support. Short and Buy trades.
1.Trend - Down.
2. Sideways for last 2 months between - 2550 - 3000.
3. If sustains below 2500 then more selling till next support which is around 2000.
Trade Setup -
1. Short if sustains below 2500. Target 2350, 2300. Stop - 2560.
2. BUY - Breaks 2550 and reverses. Entry - 2550 break candle high. Stop - 2500, Target - 2800, 2900.
Death Cross in CAMS stockStock- CAMS
Death Cross is observed in Daily Time Frame.
50MA has crossed 200MA from above
& now 200MA is acting as resistance,
It has formed like Double Bottom and rose up and gave breakout above the strong resistance and the resistance trend line but during reversal from bottom, no consecutive big bull candles are formed like the big red candles while going down, which shows Bulls are comparatively weak.
And the breakout candle is red candle and the volume is not good either of the current candle as well as the big bull candle near the breakout.
So i think more probability is breakout will fail and it will reverse downside.
Let me know your views in comments
