CAPLIPOINT trade ideas
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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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
CAPLIPOINTNSE:CAPLIPOINT
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
CAPLIPOINTINVESTMENT PICK
CAPLIPOINT
Buy @ cmp & in dips till 630 | MCBSL 550 | Tgt 1400 / 1600 / 1800 / 2100
Caplin Point Cmp 785 LIVE MKT 2.20 pmCaplin Point Cmp 785 LIVE MKT 2.20 pm
1. Formation of Ascending triangle.
2. Trendline support @ 740
3. RSI Divergence
By for a tgt of 805-825-840-865 SL 740
medium term tgt 1090 SL 650
It is just a view, pls trade at your own risk.
bullish on pharma and this stock forming triangle patternthe stock forming triangle pattern on monthly chat
Caplin Point Lab, Good Fundamental with technical reasons to buyTechnical Reasons to Buy
- Price Range break out on daily chart .
- Higher high structure at One hour Time frame.
Fundamental Reasons to Buy
- Consolidated net profit rises 19.96% in the June 2022 quarter
- Stock Trading at 19.8 PE which is lower then industry average.
- ROCE 30.34, High Return on Capital stock
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 25.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
- Company's median sales growth is 32.7% of last 10 years
Caplin Point Caplin Point... for details refer to the chart
Market Cap
₹ 6,182 Cr.
Current Price
₹ 816
High / Low
₹ 1,008 / 626
Stock P/E
20.6
Book Value
₹ 196
Dividend Yield
0.25 %
ROCE
30.3 %
ROE
23.7 %
Face Value
₹ 2.00
Dividend Payout
5.06 %
Industry PE
23.9
Return on equity
23.7 %
PEG Ratio
0.80
Price to book value
4.17
Debt to equity
0.00
Profit after tax
₹ 300 Cr.
Graham
₹ 417
Piotroski score
7.00
ROCE
30.3 %
Pledged percentage
0.00 %
Altman Z Score
9.11
Chg in FII Hold 3Yr
-5.54 %
Chg in DII Hold 3Yr
1.09 %
Profit Var 3Yrs
19.6 %
EPS PY Qtr
₹ 8.77
EPS latest quarter
₹ 10.4
EPS Prev Qtr
₹ 9.89
CAPLIN Bullish PointStock breakouts from Horizontal & Bearish T/L indication of a strong possible upside
Stock on strong momentum
CAPLIN POINT -- similar bullish setupOnly technicals
Entry - 843
Target - 1043
Stop loss - 760
Previously it gave 100% before breaking.
Hope history repeats.
This is just an idea based on technicals.
Take entry based on your risk management.
Do your own analysis before entry.
Caplin point breakout channel pattern CAPLIN POINT a good fundamental stock has made breakout from its channel with good volume and after retesting ready for upside. Its trading near 200 MA.
Looking bullish above resistance.Capli point labor stock is looking bullish if candle closes above resistance area
Caplin pointat the verge of giving good closing volumes are also higher.. need closing above the resistance
