Caplin Point 25% upside potentialhey, here it is my weekend analysis, my weekend pick is caplin point, this stock recently break its 84 days consolidation phase and now it gives around 20 to 25% in a month.
Caplinpoint
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its strong presence in regulated and emerging markets, presents a promising swing trade opportunity based on the following technical factors:
Reasons are listed below :
2100 Resistance Break : The stock has decisively broken the 2100 resistance level, signaling strength and potential for further upside.
Head and Shoulder Pattern Breakout : A classic bullish reversal pattern, indicating a continuation of the uptrend.
Bullish Marubozu Candle : A strong bullish candle on the daily timeframe showcases significant buying interest and momentum.
Trading Above Key Moving Averages : The price is comfortably above the 50 and 200 EMAs on the daily timeframe, reinforcing the bullish sentiment.
Target - 2390 // 2600
Stoploss - daily close below 2060
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its focus on generic formulations with strong fundamentals, presents an attractive opportunity for swing traders and investors.
Reasons are listed below :
Support Zone at 1200-1250 : Caplin Point Laboratories has established a strong support zone in the range of 1200-1250, showcasing its resilience and attracting buying interest at these levels.
Bullish Hammer on Weekly Timeframe : A bullish hammer candlestick pattern observed on the weekly timeframe signals a potential reversal of the downtrend and indicates bullish sentiment among investors.
Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candlestick pattern on the daily timeframe, engulfing ten previous daily candles, reinforces the bullish outlook and suggests a shift in momentum in favor of Caplin Point Laboratories.
0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level strengthens the bullish case and provides a solid foundation for potential upward movement.
Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and indicating potential for further upward movement.
Trading Above 50 and 200 EMA on Weekly Timeframe : Caplin Point Laboratories is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, further confirming its bullish momentum.
Target - 1410 // 1540 // 1620
Stoploss - weekly close below 1207
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
CaplipointStock has given good move, ready for a breakout above trendline.
Also cup and handle breakout can be seen.
Targets can be 1600-1800-1900
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
Chart Buster: Buy Caplin Point LabThe stock Caplin point laboratories has given a massive breakout with Marubozu candle. The stock has now entered an new trading zone and should achieve the target of 1000 which is roughly 25% from current levels of around 795.
Buy the stock at current levels, buy on dips as well. You may keep stop loss of 700 on weekly closing basis.
Keep a view of atleast 6-7 months and buy.
***ideas are my own*** Take risk as per your risk taking apetite***
Caplin Point Looking good for positional trading Forming cup and handle formation on daily chart. Positional target should be 880
Long term couple of years target looks good for 1350 - Cup and handle formation on Weekly and monthly chart.
CAPLIN POINTStock is consolidating. If manages to close above 500 will add it for 530- 550. Will add some qty @ 467 and will double qty @ 440 if dips comes.
