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
Symmetrical Pattern Breakout Buy Caplin Point Closing Price - 680.35 SL - 580 (WCB) Target - 1200
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.
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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Caplin Point - Cup and Handle formation
Just check, this is looking ready to move and will cross 600 soon. Available roughly at 27% discount as of today.
UNDERSTANDING TRENDS THROUGH SUPPORT AND RESISTANCE. DO NOT BUY IT BEFORE TUESDAY.
Ref chart.. As per daily and weekly chart showing bullish signals. It may reach on upcoming days. Vijayaraghavan.K, Kovilpatti.