Camslong
CAMS - A good buy for this yearCAMS 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 stock is not at lifetime high also which makes it less riskier for investment purpose. Buy at current levels of 2882 and sell at 3890. The target price is within it's lifetime high. It will give a 35% returns.
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CAMS - Stock Analysis🚀 **Promising Stock Alert: CAMS - STWP View**
📈 **PriceVol**: *Bullish*
- *Last Few Sessions*: Rising Price with Increasing Volume
🔥 **OneDay**: *Strong Bullish*
- *Latest Tick*: Robust Price Surge Supported by Strong Volume
📊 **MACD Indicator**: *Strong Bullish*
- *Bullish Crossover*: MACD/Signal Line
- *Zero Line Crossover*: Trending Up Nicely
💡 **Bollinger Bands**: *Strong Bullish*
- *Positive Breakout*: Suggestive of a Positive Trend
📈 **Daily Chart**: *Bullish*
- *Heikin Ashi Pattern*: Bullish Continuation Pattern Identified
📅 **Weekly Analysis**: *Bullish*
- *Heikin Ashi Pattern*: Bullish Initiation, Signaling Positive Momentum
🗓 **Monthly Outlook**: *Strong Bullish*
- *Heikin Ashi Pattern*: Bullish Formation with High Volume Support
🚀 **Trade Recommendation**:
- **Buy above**: ₹2728.30
- **Stop Loss**: ₹2328
🌟 *Seize the opportunity to ride the upward momentum of CAMS! Invest wisely and watch your portfolio grow.*
CAMS- 74% potential gain and moreAs mutual fund industry is growing in our country and Reliance also entering the segment companies like CAMS are a good investment. SOME IMPORTANT POINTS because it should be bought: -
1) The company is trading at 42% lower price than its lifetime high.
2) Potential gain of 74% till lifetime high.
3) It has a low P/E ratio in comparison to its competitors.
4) It has consistently increased its revenue and net profit every year from the last decade.
5) Company has been maintaining healthy ROCE of 62.32% over the past 3 years.
6) Campany is virtually debt free.
The company will probably beat its previous lifetime high and make a new one in the near future. It may give manifold returns in 5-10 years. Thank you for reading it till the last. Hope it was an effective read.