CARTRADE - Ichimoku Breakout📈 Stock Name - Cartrade Tech Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1050.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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CARTRADE
CARTRADE TECH LTDCarTrade Tech Ltd. is a prominent player in the online auto classifieds space in India. The company operates platforms like CarTrade, CarWale, and BikeWale, which facilitate the buying and selling of new and used vehicles.
Market Cap: ₹4,192 Crores
P/E Ratio: 133.17
P/B Ratio: 2.27
Debt to Equity: 0
ROE: 3.63%
Book Value: ₹442.49
EPS: ₹16
1 Year Return: 48.64%
3 Year Return: -15.79%
CarTrade Tech Ltd. has shown significant growth in the past year, but its high P/E ratio indicates that the stock might be overvalued compared to its earnings. The company has a strong balance sheet with no debt, which is a positive sign for investors.
Key Ratios
Quality Score: 6/10
Growth Score: 7/10
Valuation Score: 3/10
Momentum Score: 8/10
Cartrade Tech Ltd | momentum stockCartrade Tech Ltd
CarTrade Tech Ltd is a multi-channel auto platform provider company with coverage and presence across vehicle types and Value Added Services. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz.
fundamentals :great
Market Cap₹ 4,707 Cr. Current Price₹ 995
ROCE 4.20 % ROE 0.42 %
Debt to equity 0.05
Profit Var 3Yrs -54.6 % Sales growth 3Years 25.2 %
great momentum achieve recently . keep eye on chart.
debt free company. every quarter FII AND DII increase hold.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Cartrade cmp 991.45 by Weekly Chart view since listedCartrade cmp 991.45 by Weekly Chart view since listed
- Support Zone at 900 to 925 Price Band
- Resistance Zone 995 to 1025 Price Band
- Volumes are seen spiking steadily over past weeks
- Weekly basis Support at 900 > 810 > 708 with Resistance at 1110 > 1215 > 1345
- Price is trading well above Falling and Rising Trendlines showing very positive upside momentum
- *Multiple Bullish patterns of Rounding Bottoms and/or close to 2 1/2 years Long Cup and Handle and/or VCP pattern, as one may observe and interpret the Technical Chart Setup*
CARTRADE - VCP Chart Pattern Breakout🔊 CARTRADE - VCP Chart Pattern Breakout
CARTRADE - CARTRADE TECH LTD
⌛Trade Type - Swing Trade (1 week to 4 week)
📊📈 Trade Logic - VCP Chart Pattern Breakout
CMP - ₹991.45
Time Frame - Daily
🎯Target 1 : ₹1050
🎯Target 2 : ₹1100
🎯Target 3 : ₹1150
🛑 Stop : ₹939
🏆 Risk/Reward Ratio (1: 3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Cartrade-A risky positional trade for ATH targets!Cartrade has given outstanding Q4 2024 results and bullishness in the stock is indicator of same.
However, these stocks come with good amount of risk with bigger rewards.
Stock has formed beautiful cup & handle pattern and is about to break it.
Once 1000 is crossed, we can see ATH levels soon. I had seen similar breakout in PBFintech (Policybazaar).
If you believe in new age startups, this stock is technically looking bullish.
Daily Bullsih Flag Pattern BO in CARTRADE TECHIntroduction:
CarTrade Tech Ltd. operates an online marketplace for new and used vehicles. Its brands include CarTradeExchange and MotorExchange. The company was founded by Vinay Vinod Sanghi and Rajan Jitendra Mehra on April 28, 2000 and is headquartered in Navi Mumbai, India.
Analysis
A Bullish Flag and Pole pattern is visible on the Daily chart of NSE:CARTRADE . The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Weekly Chart.
One can create a fresh position in the scrip near Rs. 820-840 levels with the stoploss of Rs. 780 on Daily closing basis for the following targets 860.60, 879.55, 901.15, 925.40, 947.85, 959.35,981.25, 996.50 and 1020.10.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
CARTRADE Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
CARTRADE - Ichimoku Bullish Breakout Stock Name - Cartrade Tech Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 496
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Expecting Good ReversalNSE:CARTRADE
High probablity setup in CarTrade.
Stock is in Good Uptrend and tring to break the Resistance.
The Drastic fall Since the IPO might reverse from here
Reason of the Very disappointing performance of the company was
truly its Weak Fundamentals.
As the Company has improved over its Fundamentals I expect
a good growth into it.
This is what I think is Attracting Investors into it.
if the Stocks Closes above 660 then I expect it
to Further move towards 700-760
NOTE - THE ABOVE IDEA IS MY PERSONAL VIEW
PLEASE MAKE YOUR OWN RESEARCH TOO.
Happy Investing....!!!