SHORT TERM OPPORTUNITY IN CAPITAL TRUST_35% UPSIDE
On a day where almost every stock seemed to tumble, CAPTRUST managed to pull off a bullish stunt. The stock closed with a +15% gain along side 15 times surge in daily volume.
The weekly chart of the stock shows us that the stock managed to pierce above an18 months old active supply zone.
Since Jul 2022 the stock has been attempting to move beyond the INR 110 mark but failing to do so.
For the past 4 months the stock had been trading in a tight range of INR 90-110 waiting for the right time to clear above 110 mark, which it did on Wednesday's session.(AND HOW!!)
What should now be expected from the stock is that it will now head towards the INR150-160 zone to test the new supply as the old supply zone has been successfully conquered.
CMP 113.15
SL 98
TARGET 155
RR 1:3
The weekly chart of the stock shows us that the stock managed to pierce above an18 months old active supply zone.
Since Jul 2022 the stock has been attempting to move beyond the INR 110 mark but failing to do so.
For the past 4 months the stock had been trading in a tight range of INR 90-110 waiting for the right time to clear above 110 mark, which it did on Wednesday's session.(AND HOW!!)
What should now be expected from the stock is that it will now head towards the INR150-160 zone to test the new supply as the old supply zone has been successfully conquered.
CMP 113.15
SL 98
TARGET 155
RR 1:3