Demand Zone And Fibonacci Confirmation.

Cams has hit the demand zone and is now looking for a reversal to climb the ladder up. Todays Green candle indicates that it is picking up pace and continuing the uptrend which reversed from 3000 levels. This stock is a good buy now and a cheap buy as my motto is buy cheap and sell high. The stock is a good setup of a demand zone and Fibonacci retracement and can keep a stop loss around 2800 level and the targets can be kept at 3315-3580-4000 according to swing, short term and long term respectively. Thank you and happy trading.

Trade attivo:

Those holding cams continue holding cams as there is no worry as of now as the stock is consolidating at the demand zone. Its moving a sideways trend and necessary action of buying or selling should be taken if the stock moves in either direction. Hence one who would like to take a fresh entry can do so at their own risk, and the ones who would like to play safe wait for more confirmation on direction.