Capacite Infra - multi year breakout

Dec 7, 2023

Capcite infra seems poised for a multi year breakout, tailwinds from the real estate industry with Prestige/Brigade/Sobha and others making all time highs. Break out today on daily chart after almost 20 days of consolidation

Dec 11, 2023

Note

Capacite still trying to break out from the consolidation zone and 0.618 Fibonacci levels of 273rs, once it closes above this for 2 consecutive days next Fib levels of 297/341 opens up

Dec 12, 2023

Trade active

Caapcite crossed 280 levels today and witnessed some profit booking. Keep on radar, closing above 275 today as well will confirm next levels of 297

Jan 4, 2024

Trade active

After a frustrating consolidation, stock is breaking out on healthy volumes on daily chart helped by the real estate sector tailwind. This is one stock which has not really participated in the real estate rally and is trading quite below its IPO price