NSE: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...
CMP: 632 Volatility Contraction pattern. Very risky as the stock is in the downtrend.
CARTRADE is forming rounding bottom and double bottom pattern after downtrend which started right after listing. Swing traders & intra-day traders may keep an eye on this scrip.
CarTrade. Please share your views Green lines are the ones where it consolidated before Yellow line is a gap down spot
Cartrade broken it bottom level as per Fib retracement and now next bottom as per chart should be around 804.