CAMS
Cams swing trade on long sidea perfect swing trade setup for cams
stock is near a very strong support. buying at cmp for a swing trade following are the targets that can be seen within this month.
stop cant be said precisely, however.. 3050 and 3000 seems good levels to me for it.
books profits in 3 parts on these 3 targets.
stock was in downtrend from few weeks and is consolidating from few days so there can be chance of breakout on the short side also. so trade safely.
CAMS GOING TO TOUCH 3400 LEVEL SOONOn the weekly chart, the Share holds a major support level near 2900 after touching high at 3800 level. After more than 1 month consolidated, he was able to hold major support and bounch back positive in this week. If he holds it and momentum continues as per the chart then it going to test again at 3400 levels in the near future. Also, On Bolling Bands share is able to hold the middle line too.
Short term target is 3400 from the current level
Long term target is 3800 in 9 to 12 months
CAMS - Bullish BreakOutThe stock has broken out of the descending pattern supported with high volumes.
We can go long within a buying range of 3350-3435 for a target of 3670.
Stop loss can be kept at 3265.
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Bullish Setup in CAMSBullish 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.
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