atulastra

Charts gap filled: Time to short-term buying again

Long
NSE:CAPLIPOINT   CAPLIN POINT LABOR
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2
Sudden spike in prices lead to gap in the charts for Caplin point. The stock has quickly covered this gap.

So, i think the correction is over for the time being. Yesterday after filling the gap the stock went up by almost Rs 50 later correcting substantially and closing around 362.

One can buy for a target of Rs 389 to start with keeping 346 as stoploss (on closing basis).
Comment: 381 will become first resistance ...
Trade closed: target reached: Stock closed at 393.. target achieved for now