CAMPUS ACTIVEWEAR LTD ANALYSIS

6 Okt

FOR LEARNING PURPOSE

CAMPUS ACTIVEWEAR LTD - The current price of CAMPUS ACTIVEWEAR LTD is 321.70 rupees

I am going to buy this stock because of the reasons as follows-

1. Its trying to come out after forming some base

2. It made its 52W high by breaking resistance and now retesting that level

3. In last 2 years, it has gone down and then after correction, it has made a base and now trying to go up. Accumulation volume seems to be good.

4. The risk and reward is favourable

5. Recent numbers are improving slowly but surely but it has got lot to prove. It has been underperforming and now its showing some strength.

6. This stock has got potential to perform and it has not done much in comparison to many other stocks. Break of 468 level with open more room.

I will buy it with minimum target of 35-40% and then will trail after that.

My SL is at 273.75 rupees

I will be managing my risk.