CAPLIPOINT trade ideas
Quick 9% Target in Caplin Point | Swing TradeBeautiful Trade in Capli Point, quick 9% Target
Reasons to Enter -
1. 1D TF trend is uptrend
2. Came out after a long consolidation inside a channel
3. Made an Insider Candle (Bullish Continuation Pattern)
4. Stock has moved straight up in momentum and has taken a halt
5. Stock Trading at a beautiful Demand area.
5. RSI above the MA
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Also do check out my previous analysis, Balaji Amine made a big 10% move the very next day of analysis. Look at analysis and read descriptions you will learn a lot.
CAPLIN POINT, reclaiming its lost thunderCAPLIN is comfortably trading at a price above its previous ATH of 2017..very short term target is 946 being the breakout from downward sloping parallel channel marked in white.... medium term target is 1390 which is the width of the base, fibonacci levels can also be used as targets which are marked out...All it needs to do is keep gping up at its current trajectory so that makes price going below the ascending blue trendline as our stop loss
Capli Point Cmp 807 dated 24.12.2021Capli Point Cmp 807 dated 24.12.2021
1. Triangle Pattern On chart BO above 815
2. REctangle Box BO @ 825
3. VOlume BO
4. H&S Pattern On RSI
Buy for a tgt of 840-870-890-925 SL 790
SHort to Medium term Tgt 1100+ SL 725
It is just a view, pls trade at your own risk.
LONG TERM TARGET 2300 RS Caplin point lab is already a multi begger, however it is still a small cap i see big opporutinities after seeing its revenue sales growth etc company fundametally super strong company has vision to enter in new market like USA by 2023
company has super steady sales and income growth i am investing
this is investing call or you can do positional trade in it i am buying @762 per share for long term
NSE:CAPLIPOINT
Caustion: this is my opinion do your own research before entering i am not responsible for any gain or loss made by this.
Caplin Point - 3mth C&H [R:R 1:5]BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
SWING TRADE ALERT - Close to a BOCaplin Point Laboratories Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 6,851.34 Crore) operating in Pharmaceuticals sector.
Recent quarter results were impressive.
A swing trade is possible here. I have traded this stock regularly. It's good for medium term investment too
Keep this on radar and assign SL accordingly. This stock can move and correct rapidly.
CHART STUDY not a call
note: Holding 50 stocks since 850 levels.