Stop Loss: Rs 2,988
Target: Rs 3,569
CARTRADE has broken out above a key resistance level on the daily chart, closing the session with a strong bullish candlestick accompanied by volumes well above the 20-day average, signalling robust accumulation. The stock’s decisive move above its 20, 50, 100, and 200-day EMAs underscores the strength of the ongoing uptrend, while the RSI, currently at 71.56 and trending higher, reflects strong bullish momentum, indicating potential for continued upside in the near term.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)
