Positional View
Looking good to hold
Expecting move soon
Green lines are targets
Redzone act as resistance & support
DISCLAIMER: Sharing my views, Not a Buy/ Sell Recommendations
The stock myCAMS has been underperforming since a while and now back on track with C&H pattern. You all know about the company. It is very attractive at CMP. Can be Accumulated for possible target of 3100/3700/4000/ATH.
SL is much far away on weekly TF.
Stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
🎯 This analysis is in continuation of our previous analysis which worked out well:
🎯The chart is pretty self-explanatory as always!
🎯We are now at a strong retest zone of 3000.
🎯Immediate next support levels are marked on the chart.
🎯If you have doubts or questions, let us know.
⚠️Disclaimer: We are not registered advisors. The views expressed here are...
I see a bright light....a close above 3250 and it will confirm the BO of Inverted HnS. This may take it its ATH swiftly and after that Sky is the limit.
With the large number of SIPs and increasing DMAT accounts in India, CAMS, KFINTECH, BSE etc such companies become the natural pick for stock selection.
NSE:CAMS has been in consolidation since sep 2021 and has given a base breakout with perfect retest in dec 2023.
It is currently exhibiting a volatility contraction pattern
stock looks poised to make new all...
CAMS Bharat’s largest registrar and transfer agent of mutual funds has given it's highest ever quarterly sales and profit ever which are 269 crs and 86 crs respectively. Also the chart patterns shows a reverse head and shoulder pattern. So we have a stock which is posting it's best ever numbers in its balance sheet which are supported by strong chart patterns. The...
🚀 Exciting Market Update: CAMS Limited 🚀
📈 Technical Breakout: CAMS forms a robust base around the 38.2% Fibonacci level, with a recent weekly breakout! 📊
🎯 Targets: Eyes set on ₹3291 and ₹3761. If the breakout holds, new levels could be on the horizon. 🌐
💼 Fundamental Boost: With a projected rise in mutual fund accounts, CAMS is poised for potential business...
cup and handle pattern has been formed on weekly timeframe in Computer Asset Management services. The volume until now seems good. Until now stock has not given breakout. I will be keeping you updated with the stock till then no trade should be executed.
CAMS is ready to breakout and has recently crossed it's strong resistence with good volume and has formed a rounding bottom pattern .
One could initiate buying at this level for the targets mentioned in the chart above.
Have taken entry in cams at 2950
looks a good setup
breaking out of inverted head and shoulder.
Stop loss will be updated if it hits.
Trade with your own analysis.
Cams break out from its range after consolidation of almost 22 months which is very long consolidation to adjust its price. after break out some retracement is there. See for price action here if green candle on daily time frame it will be a buy for the target of all time high.
sl will be 2473.
Target near 4000
volume are gud and supported by 20 MA.
Risk reward...
Above shown chart is of CAMS , in Weekly Time Frame .
The script looks good to me.
As you can see, I placed a Horizontal line .. somewhere about 3000 price level.
My plan was to take entry, around 2890 or so .. but, i could catch it on time. This, I'm writing after taking the position.
I took entry yesterday, on the closing end.
Reason for this trade is...
