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Price and trend forecast of CARTRADE for Tomorrow, Weekly, Monthly

Cartrade Tech Limited

Symbol: NSE:CARTRADE

ISIN: INE290S01011

701.10

As on 2024-04-16

386.00 (52W Low) 877.00 (52W High)

CARTRADE's Today's Performance

Cartrade Tech Limited started the day by opening at 695.00 today 2024-04-16. Its shares reached a high of 708.40 and dipped to a low of 682.90 in intraday. When the markets closed, CARTRADE’s stock price settled at ₹701.10 per share. Also check out its key support and resistance levels.

CARTRADE Buy/Sell Targets

Tomorrow, buy CARTRADE when its price reaches ₹ 701.10 with a stop-loss order at ₹ 690.38. You can set the target price as ₹ 711.83 to capture potential gains. This buy 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 support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for CARTRADE

Resistance Levels Value in ₹
Tomorrow Resistance 1 712
Tomorrow Resistance 2 723
Tomorrow Resistance 3 738

Important Supports for CARTRADE

Support Levels Value in ₹
Tomorrow Support 1 687
Tomorrow Support 2 672
Tomorrow Support 3 661
Based on where the stock opens tomorrow, if CARTRADE opens on a positive note, our first target will be ₹712. If Target 1 is achieved, we will aim for Target 2 which is ₹723.

But if CARTRADE falls below the average value of ₹697.47, you can enter a sell side position with target number 1 - ₹687 and second target - ₹672 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 Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for CARTRADE is moderate bearish.

Tomorrow's Volume based share price Forecast for CARTRADE

CARTRADE's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -74%.

Reversal detection for CARTRADE

Predicted trend chart of CARTRADE tomorrow for price forecast
CARTRADE may trend may continue to be bullish since stock is making higher highs and we can get target of ₹689 in morning tomorrow
Target 1 tomorrow707
Target 2 tomorrow713
Target 3 tomorrow723
 

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 ₹712.03. If Target 1 is achieved, we will aim for Target 2 which is ₹722.97.

But if CARTRADE falls below the average value of ₹697.47, you can enter a sell side position with target number 1 - ₹686.53 and second target - ₹671.97

CARTRADE's Weekly Targets
1st Up Target 713.03
2nd Up Target 724.97
1st Down Target 684.53
2nd Down Target 667.97

As the week for CARTRADE ended on bullish sentiments, we can expect further continuation of this sentiment. CARTRADE's initial target will be 713.03 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 684.53 in the upcoming week.

Weekly OHLC Values
Open 699.90
High 708.40
Low 679.90
Close 701.10

Week for CARTRADE started with an open price of 699.90, and the close was at 701.10. CARTRADE reached the highest of 708.40 and dipped lowest up to 679.90 last week. This indicates a bullish sentiment for the week.

CARTRADE full month swing targets
Monthly Up Target 1 741.53
Monthly Up Target 2 753.47
Monthly Down Target 1 656.03
Monthly Down Target 2 610.97

Targets of ₹741.53 can be expected to be reached in the coming month. Once CARTRADE achieved this target, we can aim for the next upside target of ₹753.47.

CARTRADE if fails to hold upside, down targets of ₹656.03 and ₹610.97 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.

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Summary

CARTRADE is expected to reach the target of 712.03 in tomorrow's trading session.

After achieving the initial target in CARTRADE, we will aim for higher targets of 722.97 tomorrow.

However, if CARTRADE starts to trade below ₹697.47, then we will shift our focus to the sell side and aim for down targets of 686.53 and 671.97.