Cartrade Tech (nse: CARTRADE) stock is near its trendline breakout on the weekly timeframe, indicating a potential momentum. It's not perfect, but looks like a cup and handle pattern.
Buy CarTrade between 720-740
SL 695 (35Rs)
Target 1: 783
Target 2: 825
Target 3: 872
Trade as per your risk taking capacity
Breakout rested and ready for up move
This early entry, safe traders can enter after trendline breakout . i.e. above 750
Introduction:
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...
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...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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...
Good up move from
545 levels to 700 levels.
Approaching strong supply zone...
Lets wait and see how it reacts at the resistance trend line.
Happy Trading.
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...
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.
