Capital 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.
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
Triple Top pattern on #CapitalFirst stock being experienced at the moment as it has been unable to breach the 800 mark.
Good opportunity to short at this level.
