CAMS CMP 1545. (POSITIONAL)Super strong fundamental and at affordable price with the ROCE- 49% and ROE -40%. Operating Profit Margin 40%.And a highest institutional Holding.Add this to your portfolio.For long term with Finding RISK REWARD.On daily candle RSI showing it entering in bullish zone.Keep watching.
CAMS trade ideas
Is CAMS Seeing a Trend Reversal? What Comes Next...?CAMS is currently experiencing support at the multi-year level of 3,400 rupees. Recently, it has broken through its trendline, raising the question of whether it will sustain this breakout and potentially reverse the overall trend. At this stage, it’s prudent to monitor the situation to see if a reversal occurs. If a breakout is confirmed, a long position could be considered around the retest level of 3,700 rupees. The first target for this position would be approximately 4,000 rupees, with the second and third targets at 4,200 and 4,500 rupees, respectively.
Plan for 20th December 2024 Nifty future and banknifty future analysis and intraday plan.
Swing idea in stock.
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please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
CAMS ( COMPUTER AGE MANAGEMNET SERVICE)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 ratio and probability is only the holy grail in the market.
Dont lose more than your entry reason.
CAMS NSE 3Y RBC Breakout MTF/WTFCAMS has formed a 3Year Rounding bottom Cup( RBC) with. High Volume creating a new All Tile High (ATH) and 52W ATH on the Weekly and Monthly time Frame (WTF/MTF)
Price is currently above 21EMA and 21EMA is above 50 and 200 respectively suggesting a Bullish Trend
CAMS is trading above the 50% FIBO Retracement Range
CAMS is currently consolidating in a Range, Enter when Range is broken on WTF.
SL below thw consolidation Range @4200. enter with 25% Quantity when price touches @4300..Add progressively. at higher Close
Symmetrical Triangle Formation in CAMS – Awaiting BreakoutOverview:
CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both bullish and bearish breakouts are possible.
Pattern Breakdown:
The triangle is defined by point A (around 4900 INR), where the stock reached a high, and point B (around 3850 INR), marking the recent low. The price has been forming lower highs C (around 4600 INR) and higher lows D (around 4200 INR) as it tightens into the apex.
This contraction in price is a sign that the market is undecided, but once it breaks out of the triangle, a directional move is expected.
Key Observations:
RSI Oscillator:
The RSI, set to a period of 14, is hovering around the neutral zone (~50). This shows that the stock isn’t currently overbought or oversold. A move above 70 or below 30 could signal a strong trend in the direction of the breakout.
Volume Decline:
As the triangle develops, volume has been tapering off, a typical characteristic of consolidation. A significant volume spike will be key in confirming the breakout direction.
Breakout Levels:
Upside Breakout: A break above point C (around 4,600 INR) could trigger a bullish continuation, given the previous uptrend. Traders should wait for confirmation via price action and volume.
Downside Breakout: A breakdown below point D (around 4,200 INR) could signal a bearish reversal, especially if accompanied by increased volume.
Final Thoughts:
Symmetrical triangles can break in either direction, so it's crucial to wait for confirmation. Given the prior bullish trend in CAMS, there's a greater probability for an upward breakout, but the possibility of a downside move can’t be ruled out. Patience is key—monitor the volume and price action carefully for a strong breakout signal.
Disclaimer :
This is for educational purpose only. I am not SEBI registered advisor. Take advice from financial advisor before investing.
CAMS 3 YEAR BREAKOUT 🎉 CAMS Breakout of 3 Years! 🚀
CAMS: CAMS is India's largest Mutual Fund Transfer Agency, providing services and statements for mutual funds, AIFs, insurance companies, banks, and NBFCs.
I'm excited to share my analysis on CAMS, showcasing a promising long-term positional buy:
Current Market Price: 4186
Stop Loss: 3000
Targets: 4780 and 6500
Analysis and Reasoning:
Pattern: Rounding Bottom Breakout
Breakout Timeframe: Monthly
Calculation: The rounding bottom spans from 2037 to 4067, indicating a potential gain of almost 2000 points. This projects a target of approximately 6100 (4067 + 2000).
This milestone is a testament to my dedication, hard work, and strategic planning in market analysis. I'm passionate about identifying and leveraging market opportunities to achieve financial goals.
Note: I am not a SEBI registered analyst. Please consult with a financial advisor before making any investment decisions.
#Achievement #Success #Milestone #CAMS #MarketAnalysis #InvestmentStrategy #RoundingBottom #Breakout #LongTermInvestment #FinancialPlanning
CAMS - Updated Price Action
🎯 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 merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
CAMS : 5000 here We come???- As always, the chart is easy to understand.
- ATH breakout is almost on the cards. This may wake the mammoth within.
- We were able to capture the reversal right from the 2400 level. Check our documented analysis here:
If you have any doubts or queries, Let us know.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻