Here’s the **technical analysis** for **CARE Ratings Ltd (NSE: CARERATING)**
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### 📊 **Technical Analysis – CARE Ratings Ltd (Weekly Time Frame)**
#### ✅ **Pattern Identified: Cup and Handle Breakout**
* A **multi-year Cup and Handle pattern** has completed.
* Price broke out **above the neckline/resistance zone of ₹1584**, confirming the bullish breakout.
* This breakout follows a prolonged accumulation and consolidation phase from **2018 to 2023**, which adds to its reliability.
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### 📈 **Breakout Details:**
* **Breakout Level (Neckline):** ₹1584
* **Current Price (May 25, 2025):** ₹1709.30
* **Target (Pattern Projection):** ₹2927
* **Measured Move:** ₹1338.55 (Cup depth) projected above breakout level
* **Potential Upside:**+84% from breakout point
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### 🔎 **Volume & Momentum:**
* **Volume Surge** confirms buying interest and institutional accumulation.
* Recent breakout candle shows strong bullish momentum with a close well above the resistance.
* The **handle portion** formed a tight consolidation, suggesting reduced selling pressure.
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### 🟢 **Support Levels:**
* **Major Support:** ₹1584 (previous resistance turned support)
* **Secondary Support:** ₹1350 zone (handle low)
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### 🚨 **Resistance Levels:**
* **Immediate Resistance:** ₹1745–₹1800 zone (short-term supply zone)
* **Major Resistance:** None until the projected target of ₹2927
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### 📌 **Conclusion:**
CARE Ratings has given a **textbook Cup & Handle breakout** on the weekly chart with high volume and strong price action. The pattern suggests **long-term bullish potential**, making it a **strong candidate for swing or positional trading**. Traders may watch for a **retest of ₹1584** for low-risk entry opportunities.
---
---
### 📊 **Technical Analysis – CARE Ratings Ltd (Weekly Time Frame)**
#### ✅ **Pattern Identified: Cup and Handle Breakout**
* A **multi-year Cup and Handle pattern** has completed.
* Price broke out **above the neckline/resistance zone of ₹1584**, confirming the bullish breakout.
* This breakout follows a prolonged accumulation and consolidation phase from **2018 to 2023**, which adds to its reliability.
---
### 📈 **Breakout Details:**
* **Breakout Level (Neckline):** ₹1584
* **Current Price (May 25, 2025):** ₹1709.30
* **Target (Pattern Projection):** ₹2927
* **Measured Move:** ₹1338.55 (Cup depth) projected above breakout level
* **Potential Upside:**+84% from breakout point
---
### 🔎 **Volume & Momentum:**
* **Volume Surge** confirms buying interest and institutional accumulation.
* Recent breakout candle shows strong bullish momentum with a close well above the resistance.
* The **handle portion** formed a tight consolidation, suggesting reduced selling pressure.
---
### 🟢 **Support Levels:**
* **Major Support:** ₹1584 (previous resistance turned support)
* **Secondary Support:** ₹1350 zone (handle low)
---
### 🚨 **Resistance Levels:**
* **Immediate Resistance:** ₹1745–₹1800 zone (short-term supply zone)
* **Major Resistance:** None until the projected target of ₹2927
---
### 📌 **Conclusion:**
CARE Ratings has given a **textbook Cup & Handle breakout** on the weekly chart with high volume and strong price action. The pattern suggests **long-term bullish potential**, making it a **strong candidate for swing or positional trading**. Traders may watch for a **retest of ₹1584** for low-risk entry opportunities.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.