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LearnersParadise
Nov 23, 2020 2:16 PM

Care Rating-A buy in All time frames? Long

CARE RATINGS LTDNSE

Description

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.
Comments
mukeshsingh92
very good study of this breakout.. kudos.
LearnersParadise
@mukeshsingh92, thanks glad you liked it
mukeshsingh92
Flag pattern breakout again... see the charts between dec 1 to dec 14.. I think there's more upside tomorrow.
LearnersParadise
@mukeshsingh92, yes it is kind of creating a flag. Let's hope for some more movement
prakashuxd
Superb Prediction!!! May i know the target for this?
LearnersParadise
@prakashuxd, 2 days 20% return is what we got. I will suggest book out if we will get this again we will go in again.
Profit book karna bahut jaruri hai
ravipat0707
VERY VERY GOOD PREDICTION FOR CARE RATING THANKS
LearnersParadise
@ravipat0707, glad it helped ☺️
Krunal_KD
good finding, this stock can fly high, Thank you
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