mitsoi

car trade buy at support

Long
mitsoi Updated   
NSE:CARTRADE   CARTRADE TECH LTD
Buy at support zone for tartget of 1600 SL 1389
Car trade competitor cars24 has recd funds which shows that investors forsee revival in mkt
New car prices increasing due to higher metal prices.
Comment:
stop loss triggered
Comment:
classic case of dumping extreme valuation IPO stocks, notice the rejection of bounce on 6th oct near the earlier support which turned into resistance ! A BOUNCE THAT DOES NOT TURN INTO RALLY AND REVERTS FROM THE RESISTANCE , SELL AND RUN.

looking back from sept 2021 i have not posted any charts on paytm, nykaa or any other high premium IPO's. one lesson learn for a life time.

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