CAR TRADE CAN BE GOOD FOR POSITIONAL PLAY The stock has concerning fundamentals however the company manages to be profitable and looks good for short term
CARTRADE trade ideas
CarTrade looks very attractive and bright for mid-long termWeekend Pick 3: CarTrade
Fundamentals : Bright, Decent Sales and Profits. Increase in EPS, Strong Reserves Vs No Debt. DII stake increased slightly !
Technicals : at Trend Reversal Trendline, Above MAs with volume increase .
R 1: 770
R 2: 865
R 3: 980+
Avg small btw 620-580 if falls, SL : 530
#CARTRADE #NSE - CHANNEL BREAKOUTCARTRADE - Looks like giving a breakout
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
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...
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 opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Trendline breakout with volumeStock is good for long as it have given breakout with good volume. It's only for education.
CARTRADE big move around the corner
it has been consolidating near breakout level with quite volume.
trading above all EMA.
long term EMA are flatten.
recent shakeout.
consolidating with dry volume.
positioned with better risk reward
CARTRADE looking Niceit is looking nice on daily chart. has shown up good volumes in the recent past. it looks like VCP pattern. forming higher lows. keep it in watchlist.
CARTRADE - Weekly AnalysisIn the Weekly Chart of CARTRADE ,
we can see that; since it IPO Launch it is uder selling pressure.
Now we can see shift in the momentum.
530 level has been respected multiple times.
Decision making candle is formed near Trendline.
We can enter at 517and SL as 498
Hold till 828 (FIBO Level ), Book Profit and Exit.
Buy if closes abouve reistence-wait for green candle to close above the resistence line
-good for long term
CARTRADE
Price has seen a failed breakdown of the lows of 460 in March 2023.
Recently, the Weekly RSI moved past its peak around 50, with price confirming the false breakdown with huge volume spike.
Currently, prices are forming an Inverse Head & Shoulders, which will confirm if prices clear 560.
Next important resistance zone is between 695-725.
Elliott wave | Car tradeElliott wave correction done in the stock and the stock seems recovering from the oversold zone 620/635 should be the wave 1 pullback followed by wave 2 rally till 920 levels
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.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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Strong BO after a Downtrend- Strong BO candle after volatility contraction
- Validated with volume
- Bullish RSI
- Above Key EMAs except 200EMA
Car trade Looking bullish at current price, expect 70-80% return in 2 months go long between 460-480 level and keep strict sl of 440
Swing Trade Opportunity in CARTRADESwing Trade Opportunity in CARTRADE
Entry: CMP
Target: 730
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
CartradeGood 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.
Buy Today, Sell Tomorrow: CARTRADEDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in CARTRADE
Buy Today, Sell Tomorrow: CARTRADE
Invest🟢TrendRider turning green giving buy signal.
🟢Price is stabilizing near oversold territory.
🟢Good to buy in trances with max 2% allocation
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....!!!
CARTRADE forming trend reversal pattern 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.
Is CARTRADE bottomed out?CARTRADE has fallen around 60% since the listing in exchanges. Even though it announced good results for Q3 FY22(Loss is posted primarily because of exceptional, non-recurring for ESOP granted in FY21), the stock keeps falling. Today, the stock has risen nearly 11%, forming Bullish Divergence on the Daily chart. It seems like the stock is gonna move upwards from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
CARTRADE forming baseit looks like it is forming base in the range of 800-870.
CMP offer better risk reward.
RSI forming higher high's and higher lows.
price continue to consolidate. seems like it is ready for rally.
