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.
CARTRADE trade ideas
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.
Cartrade looking good for reversalCartrade looking good for reversal.
halfway through forming IH&S..at CMP 832, good to play for upside.. SL around 825
Where is the bottom of this fall?#CARTRADE
Where is the bottom of this fall?
If 805 is broken on DCB, you may see one more round of heavy selling.
I still remember last month someone had asked me about this stock he got allotted in IPO. I had asked to hold with 880 WCB SL. I don't know if he has exited or not.
For now, new SL is 805 DCB.
Cartrade Tech Ltd- Stock cannot always be in downfallRetrace idea:-
Buy around 830-845. keeping SL @ 800 round level.
one can target for 900, 950 and 990.
*Note -only for knowledge.
CARTRADECar Trade Tech has been falling since IPO Day
Expecting the fall to get over at around 820/810 levels, which is 50% Fall from Top
SL will be closing below 810 levels
CarTrade Technical AnalysisCarTrade. Please share your views
Green lines are the ones where it consolidated before
Yellow line is a gap down spot
cartradeCartrade broken it bottom level as per Fib retracement and now next bottom as per chart should be around 804.
Buy 1189 SL 1178 T1 1206 T2 1225Suggestions are based on my analysis only. Please do your analysis before taking any trade.
head and shoulders patternWhen IPO launch GMP 400 Rs i.e. 2000 (25% gain)
and currently it looks like it forming the head and shoulders pattern
And If not bad news come regarding the CARTRADE then it will be rocket to 2000 price
No recommendations !!!
Do Your own study !!!
Car TradeCup & Handle Formation
CMP: 1412.3
Can be bought with a SL: 1385
Long SL: 1366
Tgt-1: 1462.65
(Short-term)
Crossing Horizontal line and TL B/O Tgt-2: 1530.95
(Medium-term)
Long-term Tgt-3: 1618-1800+
#CARTRADE TGT 1400/1500 - play on new car shortage
Lack of availability of electronic chip has led to decline of new car sales the demand for #usedcar has sky-rocketed to 20 year highs.
Immediate beneficiary should be #CARTRADETECH #CARTRADE
CMP- 1289
TGT- 1400 / ( on successful closure above 1420 target is 1500 )
STOPLOSS - 1211 on closing basis
car tradeLook into this pattern may be this stock bounce back to upward position
Sl - current 1320
Target - 1420
car trade (Neutral Position )Symmetric Triangle Formation
Wait For Breakout
After upside breakout it will provide good positive move around 10 % 🚀
TriggeredHow was the idea?? , Now we are achieved the 1st Target. Now you can book profit or stay in trade for upcoming target💲💲💲💲💸💸💸💸
Cartrade Upcoming SessionAfter the two retest, it's confirmed to going downside.
For small target book profit at 1st target, if 1st target break, after it can move for second.
You can book profit at 1st target for safe trade.
