raavigeorgian

Caplin Point - 4yr Cup & Handle

Long
NSE:CAPLIPOINT   CAPLIN POINT LABOR
The stock has been making a rounding bottom for about a year now (also the handle of the long term C&H). The setup is a textbook example of a low volume handle, plus the stock is now approaching the breakout point on high volume bars.

Caplin point has been a great compounder in the last decade. So it will be on the radar of almost all institutions.
I sense some growth triggers have probably sprung into action. Let's see how it fares from here.

I reserve the right to be wrong.
Disclaimer: I'm not a SEBI registered analyst. Consult your financial advisor before investing.

Comments

What should be the targets? And time frame?
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@Mac7778, Target: Roundabout 900 in 12-15 weeks.
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@raavigeorgian thank u🙏 and wat if it breaks support of 650 or 600 then?
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@Mac7778, I use a simple and strict SL of selling below the weekly candle that I've bought into.
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Got it
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Thank u so much 💐. 722 is multi year resistance?
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@drdc11, Yes, also the all time high zone. Once this zone is crossed, we can expect a very good run in the coming weeks.
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