"Delivery Idea 18-10-23
CAMPUS (CMP: 295)
Buy Price: 295
SL Below: 285
Target: 315"
Stock has taken Support and After Breakout, Now Retest of Breakout Level and EMA 200 (Hourly).
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...
The stock has retraced completely to the lowest support and has now given a falling wedge pattern BO. Safe buy would be above 323.5 level - positional set-up only so carry on day closing basis. This is where there is a confluence of previous S/R as well as 100 EMA. Targets would be 339 and 350. Once it closes above 200 EMA we can expect further move till 368 and...
🟢2D charts indicate capitulation & volume explosion near 300
🟢Campus taken support near the long term support of 280/297
🟢It has given buy signal at 306.25 on VSA Momentum indicator.
🟢Can move up towards 379/417/472 in up coming months. SL-275
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.
Dear Followers
I hope this message finds you well. I wanted to share my swing trade view on NSE:CAMPUS with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock Name: NSE:CAMPUS
Holding Time Frame: 90 Days
Entry Point: 305-310
Stop Loss Point : 280
Target Point:...
In the Weekly Chart of CAMPUS ,
we can see that; we might see recovery in W format.
Take a Simple trade with an Entry at 318-320 with 310 as SL and target as 420.
Book profit with Risk Ration of 1:10 at 420 and Exit.
In the Weekly Chart of CAMPUS ,
we can see that; its a small & Simple Swing trade with more then 1:3 Risk Ratio.
Enter at 325 with SL as 310 and Target as 374 .
1:3 Risk can be achieved by booking profits at 374 .
Ultimately it would slowly bleed to 337 (1st week of May 2023)
Could be a possible bottom.
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
CAMPUS ACTIWARE
BUY : 335
TARGET : 369
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
