Swing Trading BUY OPPORTUNITY IN CAPLIPOINTRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Caplinpoint
BIGBULL bReAkOuT 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 the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 1190 levels with the stoploss of Rs. 1090.45 on weekly closing basis. The 1st target will be 1293.10 , 2nd target will be 1397.10 and 3rd target will be 1499.20.
Caplin point Daily flag and pole B/OA bullish flag and pole b/o has been confirmed on daily chart of NSE:CAPLIPOINT . Here one can create a fresh position in the scrip. Buy@840 SL@800 TGT@880/920/960
The risk to reward ratio is 1:3
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
DETAILED TECHNICAL ANALYSIS ON CAPLIN POINT LABORATORIES.Few pointers from my analysis on CAPLIN POINT LABORATORIES:
1. The stock has consolidated in the Triangular pattern and currently near its major support.
2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet.
3. The Horizontal support is broken on the downside, however on lower volumes.
Conclusion:
The current setup is awaiting price confirmation by breakout of the resistance on Triangular pattern with high volumes and Breakout of RSI above 50. Overall setup is bullish however entry can be taken prior to the confirmations.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Caplin Point in-focus for breakout After consolidating for about 7 months now...it is probably going to give a closing above its upper trend line today.
It will be a triangle pattern breakout..
Strategy -
- Watch for the next session if it continues the momentum.
- A retest back to the upper trend might happen.
- Closing above 820 resistance shall be a confirmed entry.
- Short term targets - 870/880++
LONG TERM TARGET 2300 RS Caplin point lab is already a multi begger, however it is still a small cap i see big opporutinities after seeing its revenue sales growth etc company fundametally super strong company has vision to enter in new market like USA by 2023
company has super steady sales and income growth i am investing
this is investing call or you can do positional trade in it i am buying @762 per share for long term
NSE:CAPLIPOINT
Caustion: this is my opinion do your own research before entering i am not responsible for any gain or loss made by this.
SWING TRADE ALERT - Close to a BOCaplin 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 stock can move and correct rapidly.
CHART STUDY not a call
note: Holding 50 stocks since 850 levels.