CARE RATING Analysis

8 ก.ย. 2024

FOR LEARNING PURPOSE

CARE RATINGS LTD - The current price of CARE RATINGS LTD is 998.30 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good long base.

2. Its trying to outperform now and so it has made a new high in last 5 years and now it is retesting that breakout zone

3. In last 2 years, it has shown some better strength and probably it can continue in coming weeks

4. The risk and reward is favourable

5. Recent numbers are improving slowly but surely but it has got lot to prove.

6. There are not many stocks for now which are at good R:R so this stock has been preferred.

I will buy it with minimum target of 35-40% and then will trail after that.

My SL is at 909 rupees

I will be managing my risk.