Welspun Corp, Netweb, CarTrade Tech: Multibagger stocks to trade — Check target prices & stop loss
An analyst from Mirae Asset Sharekhan said that CarTrade Tech has shown positive momentum after finding support at its swing low on the daily chart, suggesting that the rally may continue.
- Aug 24, 2026,
- Updated Aug 24, 2026 8:48 AM IST
Indian equity benchmark indices settled mostly unchanged on Friday ahead of the weekend uncertainty as the rising bond yield and elevated crude oil prices failed to provide comfort to the equity traders. The BSE Sensex added only 3.11 points, to close at 77,540.83, while NSE's Nifty50 rose 20.15 points, or 0.08 per cent, to end at 24,252 for the day.
Select buzzing multibagger stocks including Cartrade Tech, Welspun Corp Ltd and Netweb Technologies India Ltd are likely to remain under the spotlight of traders for the session today. Here is what Muthuselvaraj M, Research Analyst at Mirae Asset Sharekhan has to say on them ahead of Monday's trading session:
Netweb Technologies India | Buy | Target Price: Rs 6,085-6,500 | Stop Loss: Rs 5,200 Netweb Tech continues to form higher tops and higher bottoms, recently achieving a new 52-week high. This indicates a potential upward trend toward the Rs 6,085-6,500 levels in the short to medium term. Additionally, the weekly chart shows a breakout above the previous swing high, signaling strong momentum. With the RSI consistently above 60 across multiple time frames, the outlook remains bullish. However, investors should monitor the key support zone of Rs 5,200-5,025, as a breach could trigger profit-taking. We maintain a positive stance on the stock until a clear trend reversal is observed.
Cartrade Tech | Buy | Target Price: Rs 3,180-3,300 | Stop Loss: Rs 2,800 CarTrade Tech Ltd has shown positive momentum after finding support at its swing low of Rs 2,650 on the daily chart, suggesting that the rally may continue toward the Rs 3,180-3,300 range in the short to medium term. On the downside, a break below the Rs 2,800 support level could trigger a decline toward Rs 2,648. Momentum indicators remain strong, with readings above 65 and positive crossovers across multiple time frames, signaling sustained buying interest. Overall, the stock maintains a strong positive bias for the short to medium term.
Welspun Corp | Buy | Target Price: Rs 2,640-2,900 | Stop Loss: Rs 2,100 Welspun Corp has maintained a positive trend of higher tops and higher bottoms since March 2026, recently achieving a new 52-week high. This indicates a potential move toward the Rs 2,640-2,900 levels in the short to medium term. However, the RSI is at 90 on both daily and weekly time frames, signaling an overbought zone. Investors should monitor the key support zone of Rs 2,100-1,990, as a breach could trigger profit-taking. We remain bullish on the stock, provided no trend reversal occurs.
Indian equity benchmark indices settled mostly unchanged on Friday ahead of the weekend uncertainty as the rising bond yield and elevated crude oil prices failed to provide comfort to the equity traders. The BSE Sensex added only 3.11 points, to close at 77,540.83, while NSE's Nifty50 rose 20.15 points, or 0.08 per cent, to end at 24,252 for the day.
Select buzzing multibagger stocks including Cartrade Tech, Welspun Corp Ltd and Netweb Technologies India Ltd are likely to remain under the spotlight of traders for the session today. Here is what Muthuselvaraj M, Research Analyst at Mirae Asset Sharekhan has to say on them ahead of Monday's trading session:
Netweb Technologies India | Buy | Target Price: Rs 6,085-6,500 | Stop Loss: Rs 5,200 Netweb Tech continues to form higher tops and higher bottoms, recently achieving a new 52-week high. This indicates a potential upward trend toward the Rs 6,085-6,500 levels in the short to medium term. Additionally, the weekly chart shows a breakout above the previous swing high, signaling strong momentum. With the RSI consistently above 60 across multiple time frames, the outlook remains bullish. However, investors should monitor the key support zone of Rs 5,200-5,025, as a breach could trigger profit-taking. We maintain a positive stance on the stock until a clear trend reversal is observed.
Cartrade Tech | Buy | Target Price: Rs 3,180-3,300 | Stop Loss: Rs 2,800 CarTrade Tech Ltd has shown positive momentum after finding support at its swing low of Rs 2,650 on the daily chart, suggesting that the rally may continue toward the Rs 3,180-3,300 range in the short to medium term. On the downside, a break below the Rs 2,800 support level could trigger a decline toward Rs 2,648. Momentum indicators remain strong, with readings above 65 and positive crossovers across multiple time frames, signaling sustained buying interest. Overall, the stock maintains a strong positive bias for the short to medium term.
Welspun Corp | Buy | Target Price: Rs 2,640-2,900 | Stop Loss: Rs 2,100 Welspun Corp has maintained a positive trend of higher tops and higher bottoms since March 2026, recently achieving a new 52-week high. This indicates a potential move toward the Rs 2,640-2,900 levels in the short to medium term. However, the RSI is at 90 on both daily and weekly time frames, signaling an overbought zone. Investors should monitor the key support zone of Rs 2,100-1,990, as a breach could trigger profit-taking. We remain bullish on the stock, provided no trend reversal occurs.