$CAPLIPOINT - Weekly Chart Analysis

After breaking out of the all time highs of 734-735 levels it made a new high of 1030 odd levels but did not sustained and the previous breakout levels. You can see the volumes went super dry during this down trend. Stock took dynamic support of 200 Week ema and than bounced back. And now recently it have broke out again of the 690-734 levels and is now sustaining above these for a few weeks. Today it also closed above the last swing weekly close of 820 levels.
Keep a watch on it and we need at least 2 close with volume support.

Disclaimer: This idea is shared for education and analysis purpose. I have my own trading setup and style. I do not recommend a buy. If you want to trade than please do your own due diligence and trade at your risk.

Comment:

All time high levels 784-785 not 734-735.

Comment:

the probable 1st target was achieved which is the small resistance(884)
~8% gains yet.
If sustained this levels then next it shall test 930 levels.

Comment:

~33.5% move in 7 weeks

Comment:

Is it getting ready for next leg??
😅