CAPLIPOINT trade ideas
CAPLIN POINT LOOKING BULLISHDISCLAIMER
THIS IS JUST FOR EDUCATIONAL PURPOSE.
DONT TRADE WITHOUT CONSULTING YOUR FINANCIAL ADVISOR.
Caplin Point - Momentum tradeAfter a good move and also positive guidances by the management, this stock could be due to move up further.
They are now getting approvals from the USFDA for more injectables which is a positive sign too.
3 year C&H breakout. followed by a retest.
Long above 700 with a SL below 675.
Open target because of the C&H formation.
Triangle pattern breakout and retestA Triangle pattern was forming in 1hr chart and it is broken and retested as well. The last green candle also shows that it is continuing after the retest.
Can be bought for a target of 706. CMP-680.
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CAPLIN POINT - stocks has forming ascending triangle pattern.
-Stock break and sustain above 680 Next level to watch733/760/780 levels .
-Support is near 630 level on chart.
Just an Idea ! Short term period.Downtrend can be seen in price action. Price just cut 50 MA. formation of Double bottom up is possible.
Price at neckline here. short call can be taken for short period.
You can share your views so we can learn together !
I'm also in a learning phase, working m way up.
life time high breakoutSTOCK IS NEAR ITS LIFE TIME HIGH ONCE ITS BREAKS 691 LEVEL IN DAY CHART TARGET WOULD BE 800 LEVEL
Caplin point, nice breakoutCAPLIPOINT Has given nice breakout on weekly charts.
Also it has broken daily small resistance (Blue line) and closed above that this week.
Recent quarter results have been good.
Can be added till breakout levels.
#CAPLIPOINT,1MNSE: CAPLIPOINT, 1M CHART(Long Term)
If breakout in upside then can take advantage and long position
Buying Level 700+
Stoploss 577
Target 1200+ levels
Caplin Point - 4yr Cup & HandleThe stock has been making a rounding bottom for about a year now (also the handle of the long term C&H). The setup is a textbook example of a low volume handle, plus the stock is now approaching the breakout point on high volume bars.
Caplin point has been a great compounder in the last decade. So it will be on the radar of almost all institutions.
I sense some growth triggers have probably sprung into action. Let's see how it fares from here.
I reserve the right to be wrong.
Disclaimer: I'm not a SEBI registered analyst. Consult your financial advisor before investing.
Caplin point cup and handleCaplin point cup and handle shape and breakout is good. Support and resistance mentioned.
Caplin point cup and handleCaplin point gives a good break out with decisive breakout. Support and resistance mentioned
Chart of the Week (12/06/2021)Caplin Point is our chart of the week. Keep Stop Loss at Rs.645 and target should be the previous All Time High. A very very favourable risk to reward ratio.
Watchout for Resistance breakoutThe stock has given trendline BO and above 686 can move to 719 and 746
Go long in Caplin good buy rally still remaining good result expecting a good show in time to come....build position slowly.....study before investing
