LearnersParadise

Care Rating-A buy in All time frames?

Long
NSE:CARERATING   CARE RATINGS LTD
This stock is very interesting for me. Why? Let me explain
Let's start with monthly chart.
Last time it touched 200 level it bounced back like anything and again it touched level of 200 and this time also it failed to break those level and more interestingly it created a W pattern with Double bottom in longer term as well.

Let's look at weekly chart now.
A clear W pattern here as well along with all those volumes generated. I don't really think that retailers could generate that kind of volume until someone big is buying heavily.

And finally on Daily Chart it has already touched 450 levels multiple times and and it made that resistance weak with every touch.
Hope for a good buy.

Keep an eye folks . Cheers and Happy Trading.

Disclaimer:- Trade with your own risk and trade with caution.