Car Trade Tech Limited

• 04 November, 2024 Ruchit Thakur

Car Trade Tech Limited

Car Trade Tech Limited is still growing and breaking records, it appears to be a wise long-term investment.

Please take a moment to go over and comprehend the weekly chart provided by Car Trade Tech Limited. According to the chart, Car Trade Tech Limited has performed admirably thus far and is a wise purchase in the 940-950 range, where it enters on all dips. It also provides a ton of opportunities for growth.

Kindly see the Car Trade Tech Limited weekly chart. After emerging from the 940-950 area, the stock is now gaining swiftly and trading above the horizontal barrier. The data indicates that at 1100 levels, there is a notable demand at the moment. The expected upward open range, which is between 1450 and 1500, is depicted in the chart below.

• After achieving a notable breakthrough in the 940-950 zone, Car Trade Tech Limited has grown and is now a fantastic long-term investment opportunity.
• Car Trade Tech Limited may be able to expand and meet its objectives of 1450 and 1500 thanks to its strategic position.
• The best time to purchase the stock is when it is trading between 940  and 950, since the risk-reward ratio is suitable for cash transactions.
• The stock has broken out of an ascending triangle pattern, according to the chart, and its target price is between 1450 and 1500.

The weekly chart for Car Trade Tech Limited is attached. Demand is seen in the price range of 940-950 on the weekly chart, with an upward breakthrough and horizontal resistance. The rising demand is reflected in the stock price.

Considering the recent peak of the stock, this seems to be a good moment to purchase at the current price. Watch for the horizontal resistance breakout retest zone as a result. The stock has gained as of this writing, and it may eventually reach the predicted range of 1450-1500. 

The most recent targets set by Car Trade Tech Limited are in the range of 1450 to 1500. The Ascending triangle provided the business's structural foundation. In technical analysis, the ascending triangle is a frequently utilized chart pattern. Price changes at the higher lows and swing highs produce a horizontal resistance and an upward-sloping trendline, respectively. The triangle is formed by these two lines.

Investors may be looking for long-term purchasing opportunities in the 940-950 range due to the stock's high demand. Because of its outstanding risk-reward profile, this company's value should rise during market downturns. Grab the chance to purchase this stock. Invest in this company; it has a lot of potential, even in recessions.

Affluent investors can purchase the minimum quantity of the stock and arrange to sell it at a price between 1450 and 1500 with stop loss of 840.

If there is no fluctuation in price before a noticeable gain, the stock or instrument may surge swiftly on the upside with significant volume and smash the goal. The volatility contraction patterns, or VCPs, continue to pique the imagination of traders and investors. Visit our website or get the Fx Careers app from the Google Play Store for more details about VCP patterns. We also provide precision in pattern recognition.

Car Trade Tech Limited's weekly chart displays both resistance and support. All levels are shown on the spot chart. 

Company Profile: Users interested in purchasing and selling new and used cars can do so through the Indian online auto classifieds site CarTrade.com. Along with its omnichannel vehicle auction company Shriram Automall, vehicle inspection company Adroit Auto, classifieds portal OLX India, and other vehicle trading platforms like CarWale, BikeWale, and CarTradeExchange, the company is headquartered in Mumbai.

Vinay Sanghi and Rajan Mehra founded MotorExchange.in, a platform for used cars, in August 2009. In the same month, the business purchased CarTradeIndia.com, a marketplace for secondhand cars. In 2014, CarTradeExchange.com and CarTrade.com became the new names for the two sites, respectively.

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