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Unite Technologies Financial

3rd Jul · SEBI-Registered Analyst

Technical Analysis Campus Activewear Ltd

The stock $CAMPUS is currently trading in a long-term bearish trend with the stock consistently forming lower highs and lower lows. After facing rejection near the ₹300 level multiple times the price has declined and is now consolidating around ₹235. This suggests that selling pressure has reduced but buyers are yet to show enough strength to reverse the trend. The stock is attempting to build a base in the ₹230–240 range. While this is a positive sign a sustained breakout above ₹250–255 with strong trading volume is needed to confirm a short-term trend reversal. The immediate support is at ₹230–232 while the major support zone lies around ₹220–225. Holding above these levels is crucial for maintaining the recovery structure. The first resistance is at ₹250–255. A decisive breakout above this range could drive the stock towards ₹270–285 while the next major resistance is around ₹300. Short-term buyers should wait for a confirmed breakout above ₹255 with strong volume before initiating fresh positions. The stock is still trading in a weak trend and buying after confirmation offers a better risk-reward setup. A stop-loss below ₹230 is recommended. Existing holders can continue to hold only if the stock remains above the ₹220–225 support zone. The stock is showing signs of base formation but a breakout above ₹255 is required to improve the short-term outlook.

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