CarTrade Strong Breakout with Retest Opportunity📈 NSE:CARTRADE 🚗 - Strong Breakout with Retest Opportunity!
🔹 Current Price: ₹1,694.95 (-4.94%)
🔹 Key Support Zone: ₹1,500-1,600 (Buy near this level)
🔹 Target Price: ₹2,459 (54.33% potential upside)
✅ Stock broke out of a trendline resistance
✅ Retesting breakout zone – potential buying opportunity
⚠️ Watch for support holding before entering positions
📢 Traders, this could be a great entry for a high-reward trade!
CARTRADE trade ideas
52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
CARTRADE TECH LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
CARTRADE CMP 1060DIWALI Pick. Cartrade making rounding bottom pattern. And trading at 52 week high zone.Trading above all moving averages.We can see a Long term Potential uptrend on this counter.Volumes are increasing with Bollinger Upper Band Breakout. We can see a good Risk and Reward in these levels. Find your best Entry Exit area and Enjoy Diwali Thanks.
SWING IDEA - CAR TRADE TECHCarTrade Tech is showing a promising swing trade setup based on the following key technical signals.
Reasons are listed below :
Break of Cup and Handle Pattern : The price is attempting to break out of a classic cup and handle pattern, which is a strong bullish continuation signal.
950 Zone Tested Multiple Times : The 950 zone has been tested repeatedly, indicating it is a strong resistance level. A breakout above this level could result in further upward momentum.
VCP Pattern in Uptrend : A Volatility Contraction Pattern (VCP) is forming, which suggests tightening price action and may lead to a breakout if volatility decreases and buying pressure increases.
Bullish Engulfing Candle on Weekly Timeframe : A bullish engulfing candle on the weekly chart reinforces the potential for an upward move, showing strong buying interest.
Increase in Volumes : A noticeable spike in volumes supports the bullish sentiment and confirms that market participants are actively involved in this move.
Higher Lows : The lows are consistently shifting higher, indicating sustained buying pressure and upward momentum.
Target - 1110 // 1210 // 1400
Stoploss - weekly close below 750
DISCLAIMER -
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@visionary.growth.insights
Indian Hume Pipe Company LtdIndian Hume Pipe Company Ltd
The Indian Hume Pipe Co. Ltd. was incorporated in 1926. The Company is in the business of manufacturing, laying and joining of pipelines. The Company has also been undertaking infrastructure development programmes by way of execution on turnkey basis the combined water supply projects. The company also manufactures and supplies Concrete Railway Sleepers to Indian Railways.
CARTRADE - Bullish SetupStock name - Cartrade Tech Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - A
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Cartrade Tech LtdCartrade Tech Ltd
CarTrade Tech Ltd is a multi-channel auto platform provider company with coverage and presence across vehicle types and Value Added Services. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.
(I am not well-versed in the fundamentals of this company, but from a technical analysis perspective, the chart pattern appears to be strongly bullish. Similar patterns have led to substantial returns in other stocks previously. Let's observe whether this stock follows suit)
CARTRADEStock is giving technically gud entry with very low risk reward ratio.
SL 670
supported by both the key moving averages in daily time frame.
It may go to its all time high. it has the potential to reach its potential.
Risk reward ratio and probability is only the holy grail in the market.
Dont lose more than your entry reason.
CARTRADE looking for reversalNSE:CARTRADE BSE:CARTRADE
Time Frame – Monthly
Observations : -
* Above average volume activity seen in last 3 months.
* Price again come in mother candle zone form in Feb 2022, price may try to touch the high of this mother candle i.e 768.45
* Bottom form with inside bar candle on April 2023 and now Closed above that inside bar candle high
* Now again form monthly inside bar candle now breakout above 485.
Resistance – 768.45 / 895 / 1045 / 1200 / 1500 / 1618
Support – 440-480 range
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.