Ticker: CY6U
Exchange: SGX (Singapore Exchange)
Instrument: CapLand India Trust
Timeframe: Daily (1D)
Last Close Price (16 May 2025): 0.975 SGD
1. 📉 Trend Analysis
Current Trend: Transitioning from Downtrend to Sideways / Early Uptrend
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Recent Swing Highs and Lows:
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Highs: 1.180 (Sep 2024), 1.150 (Oct), 1.140 (Dec), 1.100 (Jan 2025), 1.080 (Feb), 0.980 (Apr)
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Lows: 1.030 (Nov), 1.000 (Feb), 0.935 (Mar), 0.820 (Apr low – potential capitulation bottom)
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Trend Structure Breakdown:
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From Sep 2024 to Apr 2025: Lower highs and lower lows → clear downtrend.
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April 2025: Establishes a major swing low at 0.820, followed by a V-shaped recovery.
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May 2025: Multiple attempts to break above 0.975/0.980 → range-bound with bullish pressure.
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Sign of Weakening Downtrend: Decreasing momentum in selling candles, multiple failed breakdowns post-April.
2. 🔑 Key Price Action Signals (Bar-by-Bar Focus)
Volume & Candlestick Highlights:
🔺 16 Apr 2025 - Extreme Volume Spike (Closes at 0.820):
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Very large red bar with extreme volume – potential selling climax/capitulation.
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Followed by bullish recovery = possible demand absorption.
🔺 18–22 Apr 2025 – Series of Green Trend Bars:
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Strong bullish reversal bars with increasing volume.
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Engulfing patterns reclaiming prior breakdown levels → high conviction recovery.
🔺 26–29 Apr 2025 – Doji & Inside Bars around 0.935–0.960:
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Short-term consolidation, leading to breakout on 2 May 2025.
🔺 8 May 2025 – Rejection Wick Above 0.980:
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Pin bar reversal → clear resistance rejection.
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Price consolidates below 0.980 with low-range bars.
🔺 14–16 May 2025 – Tight Closes Near 0.975 with Volume Compression:
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Indicates balance of supply/demand – breakout likely imminent.
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Final bar (16 May) closes positive at 0.975 with slightly rising volume.
Doji / Inside Bars / Gap Notes:
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Several inside bars in April–May suggest market indecision, often preceding a larger move.
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No significant gaps on this chart, indicating orderly market.
3. 🧱 Support & Resistance Zones
Key Support Levels:
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0.820: April 2025 bottom – major demand zone.
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0.935: Swing low & former breakout level.
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0.980: Long-term support from July 2024, now acting as resistance.
Key Resistance Levels:
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1.000: Psychological resistance.
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1.050 – 1.080: Strong resistance cluster from Q1 2025.
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1.140 – 1.180: Major resistance from late 2024, trend reversal zone.
4. 💥 Breakout & Pullback Analysis
Breakout Attempts:
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Break above 0.935 in late April was on good volume – successful breakout.
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Currently testing 0.980 breakout level – needs strong close above this zone to confirm.
Pullback Analysis:
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Pullback from 0.980 to 0.935 respected prior structure → bull flag behavior.
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Shallow and low-volume pullbacks in May signal strong buyer interest.
5. 📊 Market Context & Trading Bias
Market Type: Ranging / Transitioning to Uptrend
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The prior downtrend appears to be ending.
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Strong recovery from April low suggests shift in sentiment.
Psychological Interpretation:
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April low flushed out weak hands (fear climax).
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Current tight range and higher lows = accumulation.
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Sellers exhausted; buyers awaiting confirmation above 0.980.
6. 🧮 Supply, Demand & Liquidity Zones
Supply Zone:
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0.980 – 1.050: Proven resistance cluster, prior long liquidations occurred here.
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Large wicks above this zone indicate overhead supply still active.
Demand Zone:
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0.820 – 0.935: Absorption of selling, volume surge, and sustained buying activity.
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Ideal pullback buy zone if the breakout fails.
Potential Setups:
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Breakout Play: Buy above 0.980 on volume > 2x average.
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Pullback Buy: Enter on retrace to 0.935–0.950 with bullish price action.
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Reversal Trade: If price fails above 0.980 and forms bearish engulfing near 1.000.
7. ⚖️ Risk Management Strategy
Scenario: Breakout Buy Above 0.980
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Entry: 0.985–0.990
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Stop-loss: 0.950 (below recent consolidation)
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Take-Profit Targets:
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TP1: 1.050 (prior resistance)
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TP2: 1.100
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TP3: 1.140–1.160 zone (major trend resistance)
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Scenario: Pullback Buy
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Entry: 0.940 (if price retraces)
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Stop-loss: 0.910
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Target: 0.980–1.050
8. 📰 Recent Company News (April – May 2025)
🔍 News Search Summary (CapLand India Trust – CY6U.SI):
✅ [11 April 2025 – Business Times SG]
Title: "CapLand India Trust Announces Strategic Asset Acquisition in Bangalore"
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Summary: Trust announced the purchase of a new IT park in Bangalore to diversify rental income. Expected yield-accretive deal.
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Market Sentiment: Bullish (positive growth & expansion)
✅ [29 March 2025 – SGX Filing]
Title: "Q1 FY2025 Business Update"
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Summary: NOI increased by 6% YoY, driven by strong leasing in Chennai and Pune. However, forex headwinds impacted net profits.
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Market Sentiment: Neutral to Bullish
✅ [21 February 2025 – Reuters]
Title: "CapLand India Trust to Raise SGD 100M via Private Placement"
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Summary: Equity raising to fund expansion; caused temporary price dip in February.
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Market Sentiment: Initially Bearish, but long-term Bullish
🎯 Summary & Final Bias
Technical Picture Summary:
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Strong bullish reversal from April lows (0.820).
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Sustained accumulation near resistance (0.975–0.980).
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Minor pullbacks well-supported; volume profile favors breakout.
Bull Case:
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Breakout above 0.980 with volume targets 1.050 and 1.100.
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Structural change post-April suggests medium-term uptrend developing.
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Positive news + strong demand zone at 0.820.
Bear Case:
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Rejection at 0.980–1.000 may invite retest of 0.935 or deeper.
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Overhead supply remains significant.
⏳ Final Call (Timeframe-Based Outlook)
| Timeframe | Bias | Key Levels to Watch |
|---|---|---|
| Short-Term (1–2 weeks) | Bullish Bias | Watch for breakout above 0.980 |
| Medium-Term (1–3 months) | Bullish if 1.050 breaks | Target zone: 1.100–1.140 |
| Long-Term (3–6+ months) | Neutral to Bullish | Above 1.180 = trend reversal |
Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.
Dividend: 6.87%
