🏦 Computer Age Management Services Ltd (CAMS) – Cup Pattern Near Resistance Zone

📊 Technical Structure (Daily Chart) Pattern: The stock is forming a cup pattern after a prolonged downtrend, with the right side showing higher lows — a healthy sign of accumulation. Resistance Zone: Strong horizontal resistance is placed at ₹4,308, aligning with the 38.2% Fibonacci retracement level of the prior fall. Volume Behavior: Volume has picked up in recent sessions as price rebounded from the lower curve, indicating early buying interest. Support Zone: The base of the cup around ₹3,800–₹3,850 is acting as immediate support. 🎯 Key Levels Breakout Level: ₹4,308 Target 1: ₹4,740 (0.5 retracement) Target 2: ₹5,145 (0.618 retracement) Support Zone: ₹3,800–₹3,850 Invalidation: Close below ₹3,700 💡 View A decisive breakout and close above ₹4,308 could confirm a bullish cup breakout with a medium-term upside potential of 15–20%. Until then, consolidation within the current band may continue. Buy-on-breakout strategy recommended with a tight stop below ₹3,700.