CAMS
Downward Trend Started in CAMS from 1-Sep '21. Important Support identified at 2560 Level at bottom, looking at historical charts.
1. 1st Bullish Reversal Spinning Top Candle on 20-Dec '21 at 2560.05 level.
2. 2nd Bullish Reversal Spinning Top Candle on 27-Dec '21 at 2563.95 level.
3. RSI curve flattened during 20-Dec '21 to 27-Dec '21 period. Shown reducing weakness.
4. Stock has given breakout of trendline on 3-Jan '22 at 2740 level. Sustained breakout above Trendline on 4-Jan '22.
5. Crossed resistance zone of 2820-2890 level on 13-Jan '22 and sustaining above that level with RSI above 60 levels.
Considering all these signals, first positional target in CAMS could be 3050 and second positional target could be 3250 in coming days/weeks.
Stop loss to be set near 2820 levels.
Disclaimer: This is not a buy recommendation. Do your own research before buying/selling the stock.