CAMSCAMS and other IT sector stocks are showing reversal signs and Cams after breaking out of the important Gann levels with more volumes looks good for an immediate rally in the next few sessions
MACD and RSI are showing strength as well.
Targets and trailing SL are marked on the chart respectively
CAMS trade ideas
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.
Bullish Reversal Stock! #CAMSBullish Reversal Stock!
Computer Age Management Services Ltd. #CAMS
1- Highest Weekly Volume in 2023
2- Coming out of Darvas Box
3- Weekly RSI moving to 60-70 zone
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
CAMS looking to make a comebackCAMS is doing remarkable recovery and looking like it may bloom from here very soon.
If you have not taken entry yet. Fresh entry can be taken above 2600 and Compounding above 2675.
Long Term targets: 2750, 2850 and 2965+.
Stop Loss can be maintained at closing below 2150.
Long term investment Idea and a Portfolio Stock.
COMPUTER AGE MNGT SER LTDCAMS is forming a good pattern, there is a good accumulation happening at current levels.
CAMS is Bearish Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Finance
Industry: Regional Banks
Cams trend reversal chart shows that price has bottomed out
great momentum can be seen
enter once symmetric triangle is broken
look out for accumulation near resistance trend line in hourly time frame for further great entry
accumulation near resistance or trendline in lower time frame gives good signs of break out and we can avoid fakeouts.
price is above dema 100 and dema 50