CCGL - Long view
Once can buy CCGL - Capri Global Capital Ltd(consumer financials) above 780 for a price Target of 850++ with a Stop Loss of below 735. Above 805 the stock could give a breakout. The move may not be a huge move so would suggest booking your profits at the earliest. RSI at around 63 and the prices trading above all important EMA which could support the movement of the prices. Today the stock has moved up 2% with a volume of 2,01,946.00.
CCGL is trading at a P/E ratio of 65 compared to the sector P/E ratio of 23. Right not the stock is trading inside the channel making higher highs and higher lows. Wait for break of channel to enter the trade.
The views presented are of the author and do not represent a trade. Kindly consult your financial advisor before investing.
CCGL is trading at a P/E ratio of 65 compared to the sector P/E ratio of 23. Right not the stock is trading inside the channel making higher highs and higher lows. Wait for break of channel to enter the trade.
The views presented are of the author and do not represent a trade. Kindly consult your financial advisor before investing.
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