CARTRADE trade ideas
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.
Watchout for Weekly Resistance BreakoutThe stock has developed a cup and handle pattern and has good volumes lately.
Company posted good Q4 results as well.
Above 900 we can expect more bullish momentum.
This idea is for Educational Purpose only.
This is not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
Long CartradeImproving fundamentals
entering in stage 2
sl 700
cmp 749
target 1471
duration 3-9months
CARTRADE
In previous update in Sep 2023, we mentioned that stock has confirmed an Inverse H&S confirming Trend Reversal.
The stock still continues to maintain its uptrend and is now finding support at the important horizontal zone 695-725.
Price is now initially expected to test 1130, with optimistic target extending to 1600.
Bullish view remains intact as long as price is above 695.
Cartrade : Falling wedge BreakoutCartrade :
Falling Wedge Breakout done
Currently at a crucial resistance level, need to breakout
Long CartradeChange in trend
Starting Stage 2
higher highs and higher lows
low risk high reward
cmp 760
sl 675
target 1450
Car Trade - Cup & Handle Breakout above 650 level
900 levels can be seen soon
stop loss around 500 levels
Car trade gearing up for moveBuy 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
Cartrade - Ready for Bull RunCartrade - Ready for Bull Run
Breakout happened with huge volume,
Curvy pattern forming
New age stock
Must continue rally after retesting.
Cartrade - FROM Someone BoostsCartrade - FROM Someone Boosts
1) Stock has come to retest the Levels
2) Weekly time frame retesting
CARTRADE to watch closelySome activity in Cartrade. Need to watch closely. Monthly Closing above 730 may show us a big rally. It can be caught for 10%+ run in a small time period.
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.
CARTRADECARTRADE - Short term
Buy above 677 | Tgt 686, 695 and 715| sl 665
It is my view, trade on your own analysis
Bullish Reversal !! Stage 2 Uptrend!!🟢2D chart indicate capitulation and volume explosion near 420
🟢Stock has good support near 485 and entering stage 2 uptrend
🟢It has given buy signal at 563.90 on VSA Momentum indicator.
🟢Will buy at CMP & add more on declines near 500. SL= 485 WCB
🟢Above neckline resistance of 585 its likely to start fresh uptrend
REVERSAL IN $NSE:CARTRADE ?The stock has formed a base and has broken out of it on the weekly chart. One can look to enter once it breaks 899.65 i.e the previous weeks high for confirmation or wait for it to retrace to the levels of 750-800 since it has already moved more than 25% in the previous week. The targets that can be seen are 990-1150-1300 on a positional basis with a sl of 690 on a weekly closing basis.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
Cartrade - Strong Weekly B/oCARTRADE
Strong Weekly B/o
CMP 680.75
entry price 635-650 range
Sl 530 Weekly closing basis
Closing above 720 will bring strong action
towards 820/900/980
expecting same in 6-9 months time
Good to avg if holding from IPO
15th Oct 23
Do your analysis before investing
Breakout and retest--flag and pole pattern breakout
--Retest done
--Targets and supports are according to FIB
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser
CARTRADE at key resistance levelit has reached key resistance level.
730-810 will be the resistance price band.
close above this level with good volume, brings the stock into stage-2.
already gave 100% rally from the recent bottom.
relative strength compared to NIFTY.
daily RSI swungs between 50-80.
CARTRADE Attempted BO [DAILY]CARTRADE attempted a long term BO, volumes are not huge but certainly above the last 50 day average. Base is a long term one so the BO might be strong if week ends with good volume. Definitely should be in watchlist for now.
CARTRADE
In our earlier post (dated 5-Jul-23), we highlighted initial signs of Trend Change in the stock with the Weekly RSI moving past its peak around 50, with price confirming the false breakdown with huge volume spike.
Currently, prices have confirmed an Inverse Head & Shoulders pattern.
Prices are likely to head to its next resistance zone between 695-725.
Bullish outlook remains valid as long as prices stay above 470 (right shoulder low)
