HawkishDove

CAMS Attempted BO [Weekly]

HawkishDove Uppdaterad   
NSE:CAMS   COMPUTER AGE MNGT SER LTD
Into the new week, CAMS breaking out of a long weekly base, as volumes atttract, this might move further. Keep an eye out for that.
Kommentera:
CAMS trying to break 2971 high it created a few weeks back, volumes on a weekly level are not above average but the stock has consolidated sideways and shown some volume interest on a daily level.
Let''s see how this plays. 2971 is a level where overhead supply is there, but once this breaks this can move ahead to another supply level of 3252
Kommentera:
Good volumes now and BO this week as well, Keeping in the list for now
Kommentera:
Going good, in Momentum BO was strong with volumes. Would advise to had a trailing stop at 21DMA or 50DMA if taken a trade in this.
Kommentera:
Taking support now at 50 EMA after some volatile action. Let's see if this holds and goes back in the trend since BO.
Kommentera:
Below 50 EMA now.., considering how the market is, not sure if one should still track this right now..

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