MTF Stock Pick Buy CARE Ratings Ltd For Target Rs. 820 - HDFC Securities
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MTF Stock Pick Buy CARE Ratings Limited For Target Rs. 820 - HDFC Securities
TECHNICAL OBSERVATIONS
* The attached Daily timeframe chart of CARE RATING, which was moving for sideways for few sessions and in today’s session it has given a breakout with higher volumes.
* The stock has also breached above downward sloping trend line
* We observe a formation of bullish pattern on daily and weekly time fram
* The stock is trading above 21 EMA.
* Momentum oscillators like RSI and MACD are giving bullish indication suggesting bullish movement for the stock for few more weeks.
* The overall chart pattern of CARE RATING indicates long trading opportunity. One may look to create positional long as per the levels mentioned above.
Buy CARE Ratings Limited Up to 3 Months @ Add on dips 705 CMP 734 TGT 820 SL 692
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