Cartrade Tech Faces Volatility Amid Broader Market Declines and Mixed Momentum Signals

Jan 13 2025 11:35 AM IST
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Cartrade Tech has faced significant volatility, experiencing a 5.12% decline on January 13, 2025, contributing to a 9.81% drop over two days. The stock remains above key moving averages but shows mixed short-term momentum, underperforming compared to the broader market trends.
Cartrade Tech, a midcap player in the IT software industry, has experienced notable volatility today, with a decline of 5.12% on January 13, 2025. This drop has contributed to a total decrease of 9.81% over the past two days, indicating a challenging period for the stock.

On this trading day, Cartrade Tech reached an intraday low of Rs 1456, reflecting a decrease of 5.51%. Despite this downturn, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below the 5-day and 20-day moving averages, suggesting mixed short-term momentum.

In terms of market performance, Cartrade Tech's one-day decline of -5.35% stands in contrast to the Sensex, which fell by only 0.74%. Over the past month, Cartrade Tech has decreased by 3.16%, while the broader market, represented by the Sensex, has seen a more significant decline of 6.48%. These metrics highlight Cartrade Tech's recent struggles relative to both its sector and the overall market.
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