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Dhwani Patel

11 mins ago · SEBI Registration INH200008608

CAMS tests cloud edge as ₹665 support becomes crucial

CAMS
closed near ₹677 on the daily chart and is attempting to stabilise after the recent decline toward ₹650. The price is positioned around the lower edge of the Ichimoku cloud, making this an important decision zone. The conversion line is near ₹675, while the base line around ₹682 is the immediate resistance. Computer Age management Services ltd. cloud above ₹678–₹713 remains the key hurdle. A sustained close above ₹682 would be the first positive signal, but a stronger trend recovery requires a move through the cloud and above ₹713. Until then, the stock remains in a corrective phase despite the recent bounce. ₹665 is the immediate support level to watch. The recent candles have shown buying interest around this area, but a decisive break below ₹665 can bring the ₹640–₹650 zone back into focus. The structure is not yet bearish enough for a major breakdown, but it has not confirmed a reversal either. CAMS is therefore a level-based setup. Holding above ₹665 and reclaiming ₹682 can support a recovery attempt. A breakout above ₹713 would improve the technical picture materially, while failure to hold ₹665 would keep the stock vulnerable to another test of the recent lows.

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