CAPLIPOINT trade ideas
CAPLIPOINT#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.
Caplin Point - Wedge BreakoutA 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.
Serving bottom of Pyramid while price is near All Time Highs!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 board H2 (site has got USFDA approval after struggling for many years) and the management has guided for a strong set of results in the last 2 quarters of this year. There are plans underfoot to enter US market with the front end set up in tier 2 areas...
All in all if one can ignore the paltry dividend payouts and the u turn in workng capital w.e.f FY2016 when from a -ve working cap co. it changed something in its working or booking of revenues/inventory etc. that made the working capital requirement comletel flip.. this has not gone down well with those tracking the company and it continues to be a question mark for some to invest here..the owner management also pays itself very less salaries relative to its size an profits...
However, all these are countered with the companys abitily to raise funds in 2019 to the tune of 30 million USD from Eight Roads Ventures and F-Prime Capital for its Caplin Steriles division for max conversion to approximately 24% of equity in Caplin Steriles..
Weighing the pros and cons one can decide the next course of action.. price is near all time highs and company is set to do better in H2 as per management commentary
Disclosure - Invested and biased
caplin laboratory Possibly minimum 1500 target looking in coming days not more than month today buy signal generated
NSE:CAPLIPOINT Fundamentally Strong and OutperformingBreakout with good volumes.
Buy @ 1325 - 1350
Stop Loss @ 1178
Target @ 1694
R:R ratio 1:2
CAPLIPOINT Buy Above 1060CAPLIPOINT Buy Above 1060, add more if close above 1060
SL will be 960 closing basis, with a target of 1190
Resistance Breakout - CAPLIPOINTPlease 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 for long term.
$CAPLIPOINT - Weekly Chart AnalysisAfter 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 above these for a few weeks. Today it also closed above the last swing weekly close of 820 levels.
Keep a watch on it and we need at least 2 close with volume support.
Disclaimer: This idea is shared for education and analysis purpose. I have my own trading setup and style. I do not recommend a buy. If you want to trade than please do your own due diligence and trade at your risk.
Caplipoint This stock looks good with recent export data Added more today for swing trading and investment
Caplin Point, the proverbial dark horse from the pharma sectorprice 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
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.
CAPLIPOINT - 75% RETURNS!!!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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Inverse H&S with Respecting trend lineThis stock shows bullish characteristics like the Inverse H&S including a trend line that's being respected in the D time frame.
The price is waiting to break the present resistance & can show some upmove.
RSI indicates strength & buy volumes are gradually increasing.
Entry & targets are laid out
Caplin Point : Long Pending Breakout Inverted Head and Shoulder
RSI breakout ( EMA 20 )
Decent Volumes
Penetrating the EMAs
Looks worth following over the coming weeks !
CAPLIN POINT BREAKOUTSUCH A HUGE BREAKOUT,with volume go for 1:2 minimum on high break of volume candle
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.
#CAPLINPOINTFormin Binet compression
Misses the momentum for the rise
Activation only above 759.40 with a strength candle
Score 3
