#CAPLIPOINT is looking to resume the uptrend after a period of consolidation. It has also broken out of a range with good volume. Maintain the SL below the pivot low on a closing basis.
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...
A stock which keeps performing and is poised for growth into new markets.
Long above 1475 with stoploss beow 1335.
I would double down above 1550 for a fresh breakout.
As per the management company is holding 1500 crores in liquid assets wit over 800 crores in bank balances..underowned by Institutions, promoter holding +70% and small retail holders make up 13% or little more than 99 lakh shares as per June SHP.
On paper company is in the pinkest of financal health with expansion in the Caplin Steriles division set to come on...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
After breaking out of the all time highs of 734-735 levels it made a new high of 1030 odd levels but did not sustained and the previous breakout levels. You can see the volumes went super dry during this down trend. Stock took dynamic support of 200 Week ema and than bounced back. And now recently it have broke out again of the 690-734 levels and is now sustaining...
price closed below the parallel channel and is looking to come back...
keeping 783 as stop loss one can look for target near to 1000, the red lines are areas of possible resistance on route to its target..
most important is that price remains in the channel
A 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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BUY - CAPLIPOINT
CMP - Rs. 677
Target - 1: Rs. 822
Target - 2: Rs. 940
Target - 3: Rs. 1200
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Technicals - Bullish Flag BO
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This is just a view, please invest at your own risk.
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