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CRAFTSMAN AUTOMATION LIMITED

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CRAFTSMAN trade ideas

CRAFTSMAN AUTOMATION LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:CRAFTSMAN
by zenthosh
SWING IDEA - CRAFTSMAN AUTOMATIONConsider a potential swing trade opportunity in Craftsman Automation . Reasons are listed below : Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment. Bullish Hammer Candlestick : A bullish hammer candlestick observed on the weekly timeframe suggests a potential reversal and uptrend, signaling increased buying interest and bullish momentum. 0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a strong foundation for potential upward movement. Constant Higher Highs : The stock has consistently formed higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains. Double Bottom Pattern : A double bottom pattern has formed on the daily timeframe, indicating a potential trend reversal and adding further confirmation to the bullish outlook. Target - 5440 Stoploss - weekly close below 3700 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CRAFTSMANLong
by Visionary_Growth_Insights
MyPOV @ CRAFTSMAN AUTOMATION LTDAs an investor or long-term swing trader, it is important to carefully consider the composition of your portfolio within a 6 to 8 month time horizon. One prudent approach is to patiently await opportune moments at accumulation zones, where the best deals are likely to present themselves. Alternatively, more aggressive traders may choose to enter the market at the current market price (CMP) and strategically add to their positions within that zone.
NSE:CRAFTSMANLong
by kzatakia
Craftsman Automation Ltd Trend AnalysisTo everyone, it looks like reverse H & S pattern but it is not actually. FIIs & DIIs have increased their holdings in June quarter. Now everyone is bullish so it will do the opposite. Technically price is forming medium bearish divergence with RSI on daily TF. Fundamentally overvalued with high debt to equity and increasing trend of trade payables. 30-33% correction will make it an attractive buy considering future growth potential as company has increased its CAPEX and revenue came back to track after getting hit due to the pandemic. Expecting a correction till 1760 level. Good to accumulate around 1700-1800 levels for a strong upside. Will update the targets after price comes to the accumulation zone. Stay tuned to my insights regularly so that you will not miss any opportunity to take the desired action right on time. Do your own due diligence before taking any action. Peace!!
NSE:CRAFTSMANShort
by Swastik24