SWING IDEA - CAPLIN POINT LABORATORIES
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 :
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
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
עסקה סגורה: היעד הושג
1st target achieved : 7.2%++הערה
forming a double bottom pattern.We can add some quantity here
הערה
Stock is range bound for now, hold!!עסקה סגורה: היעד הושג
2nd target achieved : 17%++הערה
momentum building up, hold!הערה
trying to break previous swing highs, hold!הערה
Made a high of 21%+הערה
close to our 3rd targetעסקה סגורה: היעד הושג
3rd target achieved : 25%++הערה
made a high of 44%++הערה
made a high of 50%++הערה
made a high of 64%++הערה
highest weekly close!הערה
made a new weekly high : 65%++הערה
made a new high of 82%++הערה
Achieved 89%++הערה
Achieved 93%++הערה
made a high of 100%++
כתב ויתור
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