A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:CAPLIPOINT
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful apprication in the NSE:CAPLIPOINT
MACD gave Positive crossover on Daily chart and Monthly chart and weekly chart, it is on verge of giving positive breakout So, expecting...
Watch CAPLIN POINT
CMP- 888
IF BREAKS & Closes above 960 level,
Can go towards 1030 easily,
ABOVE 1030 is Cup & Handle Confirmation
TARGET then- 1200++
SL- Below 850
Can add some qty now, Good Risk Reward
CAPLIPOINT Has given nice breakout on weekly charts.
Also it has broken daily small resistance (Blue line) and closed above that this week.
Recent quarter results have been good.
Can be added till breakout levels.
Caplin Point is our chart of the week. Keep Stop Loss at Rs.645 and target should be the previous All Time High. A very very favourable risk to reward ratio.
The stock is looking bullish above 485-487 levels as is on the verge of breakout of the Falling Wedge price pattern, Breakout of which may lead the price to 545-547 levels with the stop below 447.
This counter has shown the upward move and i expect this to rally upwards till 480-500
This is just for educational purpose please do analysis before trade.
Caplin point will breakout above 391 which is Pivot R1 on daily chart and also is resistance. Close above 390 will take stock to 416+ levels in short term
Volume activity building up
