CARE Ratings – 1D

Trend: After a long base, the stock has shown a sharp impulsive move and is now consolidating above a major demand zone. Support & Resistance: Support: 1,560 – 1,575 (Demand Zone) Resistance: 1,667, then 1,964 Expected Move: Holding above the demand zone keeps the upside bias intact. A sustained move above 1,667 can lead to further trend expansion. Short Fundamentals Summary: CARE Ratings benefits from recovery in credit growth, stable rating demand, improving margins, and clean balance sheet dynamics. Final Verdict: Positive structure after base formation. Momentum pause is healthy, not a breakdown.