This 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
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...
NSE: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!
Caplin 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.
Technical 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...
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...
Only 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 a good fundamental stock has made breakout from its channel with good volume and after retesting ready for upside. Its trading near 200 MA.
