CHART IDEA ON Capri Global Capital Ltd (NSE Symbol –CGCL)
The stock is consolidating for a long time, Breakout of range can be a continuation of bullish trend after a pause, and the price is about to move higher. We have seen a strong bull run in the past few trading sessions.
Strong volume in the stock also indicates a fresh bull run in the stock in days to come. We will expect a major rebound in this stock in days to come. The momentum indicator RSI too supports our bullish view in this stock.
Traders can buy around 525 and add more around 505 (if comes). We will expect upside targets till 585 and then to 625 levels in days to come. Support and stop loss below 460, a daily close below 460 will negate our bullish view in the stock.
We are a SEBI registered investment advisor. The above free information is for education/knowledge purposes. Read disclaimer on our website before investing.