Price and trend forecast of CARTRADE for Tomorrow, Weekly, Monthly
Cartrade Tech Limited
Symbol: NSE:CARTRADE
ISIN: INE290S01011
914.90
As on 2024-09-11
CARTRADE's Today's Performance
Cartrade Tech Limited started the day by opening at 919.05 today 2024-09-11. Its shares reached a high of 930.60 and dipped to a low of 910.05 in intraday. When the markets closed, CARTRADE’s stock price settled at ₹914.90 per share. Also check out its key support and resistance levels.
CARTRADE Buy/Sell Targets
Tomorrow, sell CARTRADE when its price reaches ₹ 914.90 with a stop-loss order at ₹ 933.34. You can set the target price as ₹ 896.46 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of CARTRADE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for CARTRADE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 927 |
| Tomorrow Down Target 2 | 939 |
| Tomorrow Down Target 3 | 948 |
Important Levels for CARTRADE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 906 |
| Tomorrow Up Target 2 | 898 |
| Tomorrow Up Target 3 | 886 |
Based on where the stock opens tomorrow, if CARTRADE opens on a positive note, our first target will be ₹927. If Target 1 is achieved, we will aim for Target 2 which is ₹939.
But if CARTRADE falls below the average value of ₹918.52, you can enter a sell side position with target number 1 - ₹906 and second target - ₹898 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of CARTRADE
Looking at CARTRADE, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, CARTRADE has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for CARTRADE is moderate bullish.
Tomorrow's Volume based share price Forecast for CARTRADE
CARTRADE's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -74%.
Reversal detection for CARTRADE
CARTRADE may trend may continue to be bearish since stock is making lower low and we can get target of ₹906 in morning tomorrow
| Target 1 tomorrow | 926 |
| Target 2 tomorrow | 931 |
| Target 3 tomorrow | 939 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with CARTRADE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if CARTRADE opens on a positive note, our first target will be ₹926.98. If Target 1 is achieved, we will aim for Target 2 which is ₹939.07.
But if CARTRADE falls below the average value of ₹918.52, you can enter a sell side position with target number 1 - ₹906.43 and second target - ₹897.97
CARTRADE's Weekly Targets
| 1st Up Target | 938.45 |
| 2nd Up Target | 962.00 |
| 1st Down Target | 883.50 |
| 2nd Down Target | 852.10 |
As the week for CARTRADE ended on bearish sentiments, we can expect further continuation of this sentiment. CARTRADE's initial target will be 938.45 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 883.50 in the upcoming week.
Weekly OHLC Values
| Open | 918.80 |
| High | 930.60 |
| Low | 875.65 |
| Close | 914.90 |
Week for CARTRADE started with an open price of 918.80, and the close was at 914.90. CARTRADE reached the highest of 930.60 and dipped lowest up to 875.65 last week. This indicates a bearish sentiment for the week.
CARTRADE full month swing targets
| Monthly Up Target 1 | 993.40 |
| Monthly Up Target 2 | 1,016.95 |
| Monthly Down Target 1 | 828.55 |
| Monthly Down Target 2 | 742.20 |
Targets of ₹993.40 can be expected to be reached in the coming month. Once CARTRADE achieved this target, we can aim for the next upside target of ₹1,016.95.
CARTRADE if fails to hold upside, down targets of ₹828.55 and ₹742.20 can be achieved by end of this month.
For complete three weeks if CARTRADE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as CARTRADE
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
CARTRADE is expected to reach the target of 926.98 in tomorrow's trading session.
After achieving the initial target in CARTRADE, we will aim for higher targets of 939.07 tomorrow.
However, if CARTRADE starts to trade below ₹918.52, then we will shift our focus to the sell side and aim for down targets of 906.43 and 897.97.