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
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
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
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.
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.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
