care ratings share short term technical view
Care ratings share today trading at 1479 with half a percent loss. On daily chart stock price in downtrend but momentum is building on recovery side. Care ratings share is trading below short term averages with bullish indicators divergences. 1510 and 1535 are 1 and 3 month averages and strong resistances. On downside 1435 and 1330 are strong support zones. If stock cross 1520 on daily closing basis then go along with stop loss for target 1630 and above in next 1 month period. Below 1520 expect consolidation and correction to be continue.
care ratings share medium term technical view
Care ratings share this week showing losses. This will be second weekly loss for the stock. On weekly chart price trend and momentum both are bearish. Stock is trading below major averages of 1530 and 1580. From medium to long term view, Care ratings share support zones are 1430 and 1365. 1250 to 1365 is best buy zones if stock correct up to this levels and consolidate then that will best buying as well as accumulation opportunity. On upside 1550 and then 1620 are target zones for next 6 to 12 month period.
care ratings share long term technical view
Care ratings share in last 6 month had given positive 12% return to its shareholders. As per my data, Care ratings share all time low was around 415 after IPO and Care ratings share all time high was hit in 2015 at 1805. Fundamentally stock is good and around 1000 to 1200 rupee will be best buy with minimum 3 to 5 years view. Care ratings share can show 2500 plus levels in 3 years plus time frame.
Credit Analysis And Research Ltd company description
Credit Analysis and Research Limited is an India-based credit rating company in India. Care Ratings undertakes credit rating of all types of debt and related obligations. These include all types of medium and long-term debt securities such as debentures, bonds, fixed deposits and convertible bonds and all types of short-term debt and deposit obligations such as commercial paper, inter-corporate deposits and certificates of deposit. It also provides issuer-specific ratings. It provides a range of rating and grading services across a range of instruments and industries. It has also conducted numerous webinars on varied subjects and sectors, wherein, in-house sector specialist speak about the developments in the various sectors along with their outlook for the same. The Company subsidiaries include CARE Kalypto Risk Technologies and Advisory Services Private Ltd.