CAMS : Booking profit of about 17.15%
The price is close to the upper trendline of the channel and is at a level where selling pressure is more likely to occur. Personally, I believe that the stock is overvalued from a financial standpoint, especially in a situation where the overall market is at an all-time-high valuation.
I'm not comfortable holding onto the stock at the current valuation, so I decided to take profits and look for better opportunities elsewhere. I booked a profit of approximately 17.15% in this trade. I will consider re-entering if the price crashes and falls back to the lower channel line.
I'm not comfortable holding onto the stock at the current valuation, so I decided to take profits and look for better opportunities elsewhere. I booked a profit of approximately 17.15% in this trade. I will consider re-entering if the price crashes and falls back to the lower channel line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.