🖥️ CAMS (Computer Age Management Services) – Weekly Chart Analysis

🧠 What the Chart is Showing 🔹 Structure: Descending Triangle / Falling Resistance Lower highs marked by the falling trendline Flat base support near ₹730–740 Price is now near the apex, where volatility expansion usually happens This is not a weak stock — it’s a controlled contraction. 🔑 Key Levels That Matter Level Meaning ₹780–785 Trendline breakout zone (trigger) ₹770 Immediate pivot ₹730–735 Major support (range low) ₹925–940 Pattern target (measured move) ₹1,000+ Stretch / momentum extension Your projected move of ~₹147 (~19%) is technically valid. 📐 Pattern Logic (Why Target Works) Triangle height ≈ ₹150 Breakout level ≈ ₹780 🎯 Target = ₹930–940 This aligns with: Prior supply zone Psychological round number Projection already marked on chart 📊 Price Behaviour (Important Observation) Despite multiple tests of ₹730, price refuses to break down Selling pressure is not increasing Each dip is getting bought → absorption by smart money This is accumulation in disguise, not distribution. 🛡️ Trade Plan (Professional Way) ✅ Entry Options Aggressive: Daily close above ₹785 Conservative: Weekly close above trendline ❌ Invalidation Weekly close below ₹725 Or sharp breakdown with volume below base 🧩 Market Context Fit This stock will perform best when: Nifty is stable to positive Midcap IT / financial infra names catch momentum If market goes sideways → CAMS still holds well If market breaks up → CAMS moves fast