Synopsis
CAMS shares have broken out of an ascending triangle pattern with strong volume, indicating renewed buying interest. Derivative analyst Mandar Bhojane sees a bullish setup supported by momentum indicators and suggests a rally toward Rs 4,400βRs 4,600 if the stock sustains above Rs 4,140. He advises deploying a Bull Call Spread strategy, with key support at Rs 3,850 and stop-loss at Rs 3,800.
Computer Age Management Services (CAMS) shares are currently trading at Rs 4,139.20 and have recently broken out of an ascending triangle pattern with a strong bullish candle.This was also supported by heavy volumes, signalling fresh buying interest.βThis breakout suggests a likely continuation of the uptrend, provided the stock sustains above the key level of Rs 4,140,β said Mandar Bhojane, Derivative Analyst at Choice Broking.The momentum
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