Caplin Point Laboratories Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 6,851.34 Crore) operating in Pharmaceuticals sector.
Recent quarter results were impressive.
A swing trade is possible here. I have traded this stock regularly. It's good for medium term investment too
Keep this on radar and assign SL accordingly. This...
Watch CAPLIN POINT
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
Caplin Point Lab is involved in the business activities of Manufacture of allopathic pharmaceutical preparations
1. Steady increase in net income and net sales
2. Breakout and retest of the all-time high
3. Diminished volumes
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.
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