CARE RATING- Stock is trading in the cup and handle pattern.
-Stock break and sustain above 617 Next level to 725/850/1000 levels .
-Support is near 450 level on chart.
CARERATING trade ideas
Care Ratings : Buy for target of 650-655.Friday closing was above Rs. 600. So long for a target for 650 in a few sessions.
Care Rating - CMP: 516 - Channel BreakoutIt has given a slopping channel breakout with a good delivery volume. All oscillators are indicating a positive move ahead. We can expect a channel pattern breakout as 580 in near terms.
Parallel channelThere is a bullish pressure based on candles and volume. Can be bought above 535 for a target of 548.5 for the short term.
Note: Educational purpose
Care Rating: BUY Weekly bottoming structure formed.
Bullish volume support.
Above 200 EMA in Daily
BUY for positional and / or investment.
CARE RATINGS - Confirmed BreakoutCARE RATING has given confirmed breakout.
Cab be bought for target of 580 followed by 700
BREAKOUT OCCURRING.BREAKOUT ON WEEKLY TIMEFRAME.
TIMEFRAME WEEKLY.
STOCK CARERATING.
SUITABLE FOR LONG TERM.
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DISCLAIMER
These analysis are only for educational purpose. Don't blindly rely on the post. Also not each and every analysis will be giving results. I may be wrong.
Do consider you financial advisor before INVESTING.
Thanks,
For TRADESWORTH
Care Rating - Fundamentally undervalued and technically good nowChart is pretty self explanatory. Fundamentally pretty undervalued compared to peers, but legacy issues during IL&FS and NBFC crisis still an overhang on the stock. But the new management is pretty good.
Disc - Not a sebi registered analyst. Just sharing my views. Already took a position at 450, as i saw the reversal and entered the trade.
Long - CARE Rating on closing basis breakout confirmationLong - CARE Rating on closing basis breakout confirmation
Nice Buying Opportunity !! Care RatingYeah !! def a good buy near these levels. never miss chance for long term portfolio.
Weekly Support !! shows good Strength.
CARE - RectangleRectangle forming on 4H Chart of CARE RATINGS. BUY above 550.10 -> 575-580. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
BUY : Bounce back from strong supportAftet giving breakout in Weakly time frame. And Making the double bottom pattern. Stock retraced to the supported neck line and the again give the confermation for the UPTREND. Giving good buying opportunity.
BUY around this level, SL and Targets are mentioned 👍🏻
Care Rating- Triple R Concept (Rise- Retest - Rise)Hello Folks First of all Sorry for not posting anything.
Now I am back and I will be back with a bang.
Let's begin then.
I have shared this chart when it was trying to break out from a W Pattern.
Not what has happened is it broke and it came perfectly back to its breakout level.
A perfect example of resistance turning into support
More interestingly downward sloping EMA which now converted into upward rising EMA and price has taken support exactly at 200 EMA+ Breakout level.
Price action chart for the same is attached:-
We can also draw a trendline from top and wait for that to break for a rise again.
so for now Close above 500 will certainly give this stock wings.
Cheers folks and Happy Trading.
[Basket] Care Ratings Bullish Flag PatternArchiving another Flag Pattern given by Zuhaib. As it is not in FNO, I will skip myself but the setup is good :)
