Capri Global Capital, a prominent non-banking financial company (NBFC), is showing technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
200 Zone is a Strong Support Zone: The 200 level has been established as a strong support zone, providing a solid base for potential upward movement.
Bullish Engulfing on Daily Timeframe: The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement.
Support at 50 EMA: The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level.
0.618 Fibonacci Support: The stock is finding support at the 0.618 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move.
Increase in Volumes: A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
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@visionary.growth.insights
Ghi chú
bullish engulfing candle on weekly timeframe, HOLD!
Ghi chú
cautious
Ghi chú
hold!
Ghi chú
if it closes below 197 tomorrow, exit!
Ghi chú
respecting support level for now, hold!
Ghi chú
bullish engulfing candle on weekly timeframe, hold!
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