Caplin Point Laboratories – 18.02.2018.

Daily Sentiment: Bearish.

Weekly Sentiment: Bullish.

Trend Strength: Moderate

First Target: 600 (Pivot point)

CAPLIPOINT need to clear Resistance then next stop will be around previous highs.

Close above 784 and rise will continue.

But while stock holds inside this channel risk remains on downside.

Close below 600 and we should see further weakness towards channel support.

Close below channel support would confirm further fall.


Share Your Thoughts

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Powered by

Up ↑