Capri Global Capital LtdCGCL stock, previously in a downward-sloping channel, has now broken above its upper trendline, which could signal a potential trend reversal.
It is currently trading above key moving averages, including the 50-day EMA at 185.4 and the 200-day EMA at 175.7, indicating sustained upward momentum. We're observing higher lows, with solid support consistently holding around the 185 mark.
Volume levels confirm buying interest, and technical indicators like the RSI are neutral to mildly bullish, further supporting continued momentum.
If the stock sustains above 195, targets of 215 and 230 appear achievable.
CGCL
Capri Global Capital Ltd - Short term CGCL - The stock was moving in an ascending channel. It recently broke out of that ascending channel, indicating a short-term bearish reversal.
After the breakdown, the price formed a falling wedge. Now it looks like it’s breaking out upwards from the wedge, confirming bullish momentum resuming.
Volume is moderate, with a slight uptick during the breakout, which confirms buyer interest.
Consider if the price sustains above 183 with the targets of 188 and 192
CGCL | Mini Swing Trade📊 Details
Capri Global is a diversified Non-Banking Financial Company (NBFC) with presence across different segments like MSME, Construction Finance, Affordable Housing and Indirect Retail Lending segments.
They Started Construction Finance Business in 2011, MSME lending in 2013 and Housing Finance in 2016.
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