CARE Ratings Ltd – 1D

1) Important Levels Strong demand zone at 1500–1575 Immediate resistance near 1665–1680 Higher resistance zone around 1750+ 2) Business One of India’s leading credit rating agencies, benefiting from increased debt issuance, capex cycles, and improving financial market activity. 3) Earnings Earnings recovery visible with operating leverage kicking in. Stable cash flows and asset-light business model support long-term visibility. 4) Verdict Price is respecting demand zone and forming higher lows. Consolidation above support keeps the broader trend positive. Momentum likely improves once supply zone is absorbed.