Caplipoint 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,...
I see that after a good bull run of last 5 days, we might see a retracement in this stock. 800-825 can be a good level to enter/re-enter for good upmove.
Lets's see how this pans out in the coming week.