Campus Activewear share price could be gearing up for a fresh rally. The stock has been getting good support from the 200-Day Moving Average (DMA), currently at ₹281. Barring the short-lived fall below the 200-DMA in November, the stock has been getting good support from it since the middle of this year.
Monday’s strong bounce has also happened from around that support. Below the 200-DMA, ₹274 is the next important support. Campus Activewear share price can rise to ₹310 and ₹325 in the next one month or so. Traders can go long now at ₹292. Accumulate on dips at ₹284. Keep the stop-loss at ₹272. Trail the stop-loss up to ₹297 as soon as the stock goes up to ₹301. Move the stop-loss further up to ₹305 when the price touches ₹311. Exit the stock at ₹318.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)