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CARTRADE TECH LTD ANALYSIS

FOR LEARNING PURPOSE

CARTRADE TECH LTD - The current price of CARTRADE TECH LTD is 991.45 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 2.5 years and now its trying to go up

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. After IPO, it corrected like anything. Now its trying to make up.

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

My SL is at 867 rupees
I will be managing my risk.