CAMS standing on a strong demand zone

Cập nhật
CAMS has been in a downtrend from end of 2021. We can see on the chart that the stock is consolidating near a strong support of 2000 level.
RSI is forming higher lows which indicate strength of buyers at this level.
It looks attractive at CMP for a positional long trade for minimum target of 2300.However, a weekly closing below 2000 levels will have a sharp fall upto 1750 levels which is a major risk.

Kindly consider this idea for educational purposes and trade as per your own analysis.
Giao dịch đang hoạt động
2117 from 2050
Ghi chú
2210+ today!
Reversal trades are slow but probability of targets are high.
Ghi chú
2265, approaching T1 of 2300 slowly
Đóng lệnh: đạt mục tiêu
2345 high made on 4th july
above 2350, stock can move up till 2600 positionally
Ghi chú
2600 done finally
Ghi chú
Stock has doubled finally
CAMSDemand ZonehigherlowslongsetupOscillatorsRelative Strength Index (RSI)riskrewardratioSupply and DemandTrend Lines

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