CAPLIPOINT trade ideas
weekly chartfor eduucational purpose
caplin point : buy if close above 620
target will be 650, 700,795,900
stop loss 555
Caplipoint Lab : Flag and Pole pattern : 16/05/2021Caplipoint Lab can be seen making Flag and Pole pattern in daily timeframe. Minor resistance around 615.
A Flag and pole pattern is formed when the stock consolidates in a narrow range after a sharp move. Safe trading strategy can be to enter into this stock when it gives breakout of the narrow range and target should be the length of the pole of flag.
Here, Length of the pole is from 490 to 600 i.e. 110 points.
Breakout of the Flag is at around 600 levels (which also happens to be a breakout level in weekly chart).
Above 600, this can continue its bull run to 700 ++
We can place stop loss at 475
Target Risk to Reward : 1:4
CAPLIPOINT - CMP: 507Caplin Point Laboratories - Has given channel breakout on the daily chart with a good delivery volume. we Expect price movement till 575. Any drop in price near 475/485 will be a good opportunity to enter.
CAPLIN POINTNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
FALLING WEDGE PATTERN IN CAPLIN POINTThe stock is looking bullish above 485-487 levels as is on the verge of breakout of the Falling Wedge price pattern, Breakout of which may lead the price to 545-547 levels with the stop below 447.
Buy! Buy! Buy! CAPLIPOINT @513 with TGT: 532.35 and SL: 495.65CAPLIPOINT is showing bullish flag breakout in both Hourly and Daily chart. This is also supported by the DI+ Crossover with ADX over 25 which shows the bullish momentum is going to continue.The RSI is also not in overbought level.
Buy: 513, TGT-1: 532.35, TGT-2:539.75
SL: 495.65
Looks like poll flag breakout, with strong basic fundamentals.NSE:CAPLIPOINT Stock looks good above 500 or on retest of channel with SL of 430.
Caplin Point Laboratories is engaged in the business of pharmaceuticals - producing, developing and marketing wide range of generic formulations and branded products and exporting to overseas markets.
Good patterncaplipoint was in consolidation phase for almost 7-8 months . It has come out of the traingle pattern .
We can expect a big move . If there is big positive candle with good volumn it can give long rally.
Caplin Point at a good junctureCaplin point has been moving up with good volume. Can retest previous high of 531 if it closes above trendline, else further downward movement.
Not a buy call, take your own risk, this is just an observation, but i have position in this stock
Caplin about to fly (Levels Updated)Feb 18
What is your view tell in comments
01 . on a buying zone
02. above 200EMA
03. in the edge of triangle pattern
04. Good fundamentals of company
05 . For educational Purpose only
Caplinpoint at the trend line - Look to buy with little stop losBuy only if it closes over 500 by 3:28 ot 3:30.
T1 - T2 and T3 marked in chart
Stoploss - 480
T3 in 2months
CAPLINPOINT- Ready to give big moveJust check, this is looking ready to move and will cross 600 soon. Available roughly at 27% discount as of today.
Go along, Breakout with Volume Go along, Breakout with Volume after Consolidation In Descending Traingle, Good Chance for doubling in long term
