CAPF Short IdeaPossible short for CAPF around current zone. Keep a stoploss at 610, with a target of 560-555 zone.
CAPF
Capital First - CAPF - LongCapital First is in a downtrend since it touched 660 levels recently, which now seems it may break. The RSI and MACD shows positive turnaround with a formation of Doji candle stick indicating reversal of trend. One can go long above 629 for short term target of 634/639/644 keeping SL below 624.
CAPF Falling WedgeFalling wedge pattern have been observed in CAPF, after breaking pull back have been done. Can initiate buy at 61.8 Fib levels with Stop below Fib 50% level
Capital First - In a Fibo ChannelChart is self explanatory. Details Mentioned in Chart.
Support Zone 701-691 on closing basis.
Targets Mentioned in Chart.
Risk Reward is favourable.
Will review near targets/support zone.
Capf : Channel breakout then down ?!i ) Look for channel upside break book target around 680's
ii) On Bearish confirmation, short again around 680-685's towards 650's
iii) As price action is bearish there are chances for false break on upside then to down, for potential double bottom at 650's so be quick to reverse
CAPF may see further downside up to 750CAPF has been trading in uptrend and it closed on weekend forming a bearish shooting star patter confirming a further down side in the stock also it touched the channel resistance, we may see the stock to touch 750 in near term.
