Cartrade Tech Shows Signs of Trend Reversal Amidst Market Fluctuations

Jan 23 2025 03:35 PM IST
share
Share Via
Cartrade Tech experienced a notable gain on January 23, 2025, reversing a two-day decline and outperforming its sector. The stock is currently above its longer-term moving averages but below shorter ones. Despite recent gains, it has faced a decline over the past month, contrasting with the broader market's performance.
Cartrade Tech, a midcap player in the IT software industry, saw a significant gain of 5.07% on January 23, 2025, marking a trend reversal after two days of decline. The stock's performance outpaced its sector by 3.93%, reaching an intraday high of Rs 1400.75, which reflects a rise of 5.13%.

In terms of key financial metrics, Cartrade Tech is currently positioned above its 100-day and 200-day moving averages, although it remains below its 5-day, 20-day, and 50-day moving averages. Over the past day, the stock's performance was notably strong at 4.94%, significantly outperforming the Sensex, which only increased by 0.21%. However, looking at the broader picture, Cartrade Tech has experienced a decline of 10.65% over the past month, while the Sensex saw a smaller decrease of 2.52%. This performance indicates a complex market position for Cartrade Tech amidst fluctuating conditions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News