CRAFTSMAN trade ideas
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
Craftsman automation on a break out with high volume Craftsman Automation is a stock that always remains at 52 week high. It had fallen a little since 23rd December and now it has come back on the same path, both ROE and ROCE are above 20. There is a possibility of a break out.
Craftsman on daily break out with high volume Craftsman Automation is a stock that always remains at 52 week high. It had fallen a little since 23rd December and now it has come back on the same path, both ROE and ROCE are above 20. There is a possibility of a break out
Craftsman Automation Ltd 1weekafter break of this channel
i'm expecting a speed move.
.
.
.
.
.
.
.
.
I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
Craftsman automationGreat business, and looks now correction is almost over. Stock price took support from important Fibo levels, and a long term trend line on daily basis. Also, made a double bottom with clear RSI divergence, daily closing above 4050 will confirm the breakout from double bottom pattern. Immediate targets are 4400 and then 4800. People trading on technical basis can put a stop loss below 3800 on daily closing basis.
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.
Craftsman Automation-Nice BreakoutCraftsman Automation-Nice Breakout
Capital to be deployed- 20k
Investing Price -4530-35
Breakout Price -4522
Stoploss -4088
Targets -5088-7045
#craftsmanautomation #StocksToBuy #StocksInFocus #StockMarket #stockstowatch #StocksToTrade
CRAFTSMAN AUTOMATIONInverse head and shoulder breakout and fresh all time high.
stock above all key Moving averages
buy at cmp or on pullback to 3650
stoploss 3320
target 4500
Neat&Clean braakout for uptrend channel for CRAFTSMAN Stockbreakout has seen in CRAFTSMAN stock with huge volume, we can see some upside in short term from this level. overall good stock. this is fundamentally good stock for long term.
Craftsman automation Good for long sl below the trendline
Tgt market rectangle box
Ask your financial advisor before taking any action based on my view
Only for educational purposes
Craftsman near it's 52 week high, possible breakout.2890 is the next resistance. If price sustains above this price, a decent breakout is possible.
CRAFTMAN NSE BULLISHVIEW ABOVE 2700 CMP 2836CRAFTMAN NSE is bullish if 2700 holds. New Lifetime High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
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!!
bullish price actionstock trading above 200 simple moving average after taking support as 1835 levels twice, most importantly it is showing good price action after Q4 results and finally as compares to the recent nifty correction which started in the first week of April the stock has not fallen much since then.
Wait for CRAFTMAN Break upI am waiting after all. On the chart it is creating H&S pattern.
Check my chart!
Long on Craftsman go long above 50dma
it will reach the targets on the screen but i believe it can go beyond that Inshallah
Craftsman - Low risk high reward setupStock is hovering around support.
The horizontal support is a Fibonacci 61.8% retracement level and confluenced with trendline support.
Shakeout is observed at support.
Low Risk, High reward setup.
Only for educational purpose.
Craftsman AutomationThis is only for my study purpose. Study before you invest your hard earned money
Craftsman AutomationThis is only for my study purpose. Study well before you invest your hard earned money
triangular pattern breakout craftsman has given triangular pattern breakout with good volume in uptrend.
