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.

註釋

With the RBI policy announcement on February 7th, expect market volatility and ensure your stop losses are tight.