Care rating ltd. Double bottom formed at base level..last month neckline breakout of double bottom, add more if sustain above 1000 level for 2-3 week for the target of 1600. CMP:857 stoploss:700(wcb)
Please 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
After approximately 50% drop from 750 to 400
Further, price has held higher with lesser volume
Plan
- Consider to Buy above 550
- and/ or Rejections near 400
PB 2x
PE 19x
ROCE 16%
DivYld 3%
CARERATING 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.
Disclaimer: No financial information whatsoever published here, should be...
Buy Care ratings ,
Currently at 767.5 .
Keep stop loss at 690 on daily closing basis. Target will be 880 which is 14.7% up from current levels.
Keep a view of at least 3 months and buy.
**Ideas are my own**Take risk as per your risk taking ability**
CARA RATINGS.. DAILY CHART LOOKING OVERALL POSITIVE TREND BREAK EN 600 LEVEL TODAY'S HIT 718 H.H 720 STRONG RESISTANCE ZONE ONCE REJECTE AREA CORRECTIONS WOULD SEEN BELOW SUPPORT 600 GOOD BUY POINT....UPSIDE SEEN 718 820 900..1020...
