Caplin 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...
The 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...
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.
Stock 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.