🚗 CarTrade – Momentum Still Intact Above Key Support

continues its steady upward journey, currently trading at ₹2,168, holding firm above its breakout zone and 20-EMA support near ₹2,130. The stock’s rally remains backed by strong earnings, solid business integration, and sectoral tailwinds. 📊 Technical View Strong breakout from consolidation; trendline support intact. Immediate support: ₹2,130; Major support: ₹2,035. Resistance: ₹2,300–₹2,350 zone. Sustaining above ₹2,130 keeps the bullish momentum alive. 🧠 Fundamental Drivers Q1 FY26: Revenue up 22% YoY to ₹173 Cr; EBITDA up 98% YoY. Net Profit surged 106% YoY to ₹47 Cr; EPS doubled to ₹9.03. OLX Autos integration driving profitability and market reach. Debt-free, cash-rich, asset-light model ensures long-term scalability. 🔭 Short-Term View If momentum sustains above ₹2,130, a push toward ₹2,300–₹2,350 is likely. Weakness only if price closes below ₹2,035. 📅 Long-Term View Beneficiary of India’s fast-growing used car market. Strong digital ecosystem (CarWale, OLX Autos, BikeWale, Shriram Automall) with ~75M monthly users ensures competitive moat. Rising margins & scalable business model make it a structural growth story. ⚠ Risks Valuation re-rating risk if growth slows. Competition from emerging auto-tech platforms. Any slowdown in used car demand could impact short-term sentiment.