CARERATING trade ideas
CARERATING CMP 1230.In 2013 stock make a bottom 400 level. Then give a sharp rally till 1700 levels.Then again touched 1700 levels but not break it. Then contineusly going down and again make bottom at 400 levels an consolidate this area till 2023.And make a short term rally at 1200 and forming a CUP and Handle Pattern.Monthly RSI above 65+ indicating a strong buy .Macd line and Macd signal above 100. This months candle made a strong White Morubozzu. Add this to your wachlist and find your best Risk Reward and Entry Exit. Thanks.
Channel pattern on CARERATINGCARERATING is trading within a rectangular pattern or channel. I was supposed to post this one last night and didn't realize today was a trading day at NSE. Entry could be at the bottom of channel and exit at the top end of channel. Could be an easy 7 to 8% profitable trade if done rite. Stop loss can be kept at either end of the channel depending on what direction you take.
Hope you liked this idea, if so please boost this idea so others could benefit or leave a comment on what you think. I'll be glad to hear from you. Otherwise happy trading :-)
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
A BULLISH MOVE IS BEING EXPECTED IN CARERATINGCARERATING seems to look positive on the chart, currently at around 615.
It is being expected that the stock can initially face a Resistance at around the levels of 651, 678 and 720. Whereas on the downside levels, it can face a support at around the level of 602 on a closing basis.
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