I am hold­ing CGCL at Rs 105, but could not sell at the top made re­cently. What do I do now? - Ari­jit Bhat­tacharya

Capri Global Cap­i­tal Ltd is cur­rently trad­ing at Rs 131.20. Its 52-week high/low stand at Rs 139.70/Rs 72.60 made on De­cem­ber 13, 2018 and July 20, 2018, re­spec­tively. Re­cently, af­ter tak­ing sup­port near the 100-week EMA, the stock formed an out­side day can­dle, which re­sem­bles a bullish en­gulf­ing can­dle on the weekly scale as on week­end of Oc­to­ber 12, 2018. There­after, it wit­nessed a sharp pull­back. How­ever, since last four weeks, the stock is trad­ing in a range along with rel­a­tively higher vol­umes, which in­di­cates on­go­ing profit-book­ing. Among the mo­men­tum in­di­ca­tors, the 14-pe­riod weekly RSI is quot­ing around 59.62, where there is also a neg­a­tive di­ver­gence. The stochas­tic has also given neg­a­tive crossover in the over­bought zone, which pre­dicts a pause in the trend. Con­sid­er­ing all the above fac­tors, we rec­om­mend you to book profit in CGCL at cur­rent price.

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