Stovekraft- VWAP Stove kraft has its buying volumes visible and FII,DII buying has been positive over last 2 quarters. Enter on break of falling trend line,with stop loss below weekly VWAP price of previous week 730.(VWAP price around 738)
STOVEKRAFT trade ideas
$NSE:STOVEKRAFT NSE:STOVEKRAFT
Nice base, clean price action with couple of breakout attempts.
Might provide a good entry if it sustains
SWING IDEA - STOVEKRAFTPrice Action forming Higher Low Pattern.
MACD Cross also forming Higher Low Pattern.
Stock seems to be following Trendline.
Currently also @ crucial Supply/Demand zone.
Weekly closing above 500 levels with good volume can take the Price to new Higher High Levels.
NOTE: Only negative for now is CTO and Chief HR has resigned very recently.
STOVEKRAFTstove NSE:STOVEKRAFT
Formed and given breakout of W pattern
Target of 780
RSI> 60
it is a long term stock
Investment Recommendation: Stove Kraft Limited Target 1: ₹737 Investment Recommendation: Stove Kraft Limited
Entry Strategy: Enter after a breakout or during a market correction.
Target Prices:
Target 1: ₹737
Target 2: ₹921
Target 3: ₹1100
Stop Loss: ₹447
Brief Overview of Stove Kraft Limited
Company Overview:
Stove Kraft Limited is a prominent Indian manufacturer of kitchen appliances. Established in 1999, the company has become a well-known name in the home appliances sector, offering a wide range of products under popular brands like Pigeon and Gilma.
Key Business Segments:
Kitchen Solutions: Includes a variety of products such as pressure cookers, non-stick cookware, gas stoves, and mixer grinders.
Small Appliances: Encompasses items like irons, fans, water heaters, and induction cooktops.
Other Appliances: Expanding its product line to include LED lighting and other household items.
Market Presence:
Domestic Market: Strong presence across India with extensive distribution networks in both urban and rural areas.
International Market: Exporting to over 12 countries, contributing to its global footprint.
Financial Performance:
Stove Kraft has demonstrated steady financial growth, characterized by increasing revenues and profitability. The company's focus on product innovation and expanding market reach has bolstered its financial stability.
Strategic Initiatives:
Product Diversification: Continuously expanding its product portfolio to cater to evolving consumer needs.
Technological Advancements: Investing in modern technology to enhance product quality and efficiency.
Brand Strengthening: Leveraging strong brand equity of Pigeon and Gilma to drive market penetration.
Stock Information:
Stove Kraft's stock is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. The company's robust growth prospects and market leadership make it a compelling investment choice.
Investment Considerations:
Entry Point: Enter after a breakout or during a market correction.
Target Prices: ₹737, ₹921, and ₹1100.
Stop Loss: ₹447.
Disclaimer: This recommendation is based on market analysis and is not a guarantee of future performance. Please consult with a financial advisor before making any investment decisions.
STOVEKRAFT LongMarket Cap: ₹ 1,777 Cr.
StoveKraft Ltd was incorporated in 1999 by Mr. Rajendra Gandhi. It manufactures a wide range of kitchen solutions under Pigeon (value), Gilma (semi-premium) brands and acts as an exclusive partner for kitchen appliances of the BLACK + DECKER (premium) brand. The products comprise cookware and cooking appliances, while the home solutions consist of various household utilities, including the recently introduced LED bulbs, oxymeters, etc.
Clear break out in Stove craftThis stock seems to have break out with good volume. Will be interested for the ones who like break out stocks :) I have kept long stop loss just to beat the fake outs. Fingers crossed!
Stove craft Stock moving good.. 2nd wave complete expecting 3rd wave.. Long tearm holding its good.. Chart only for knowledge sharing
$STOVEKRAFTAT RESISTANCE OR EARLIER RANGE LOW
saw this on the telly some guru saying sell and exit
imo this should flip red line and keep going check out the rsi attempting to cross the yellow band
so yeah maybe he is right and the short risk reward is there under resistance
flip red line and this should go to yellow next
not in this just curious to see how it plays out invalidation below blue line or the 200 ema on the hourly
Pigeon is ready to fly*Goldencross strategy is one of the efficient strategy in long-term investing*
Follow the Five rules below.👇
1)Book 50% of profit at TP-1
2)Book whole profit at TP-2 or wait for deathcross and Book whole profit when happened.
3)Stoploss is when deathcross happened,be patient in volatile situations.
4)Wait as long as it hits TP as it is sluggish but strong bullish strategy.
5)Keep your capital allocation based on your RISK.
*CHART IS SELF EXPLANATORY*
Disclaimer:This is not a financial advice based on your POV.Everyone has distinct financial objectives and time horizon.
BUY STOVE CRAFT CURRENT PRICE 507 TARGET PRICE 666Stovekraft Limited is an ISO 9001:2008 certified company, which is India's largest kitchen appliances industry. Over the years, Stovekraft has evolved as an organization by creating wonders consistently with the technology to make the dull household work in the kitchen, a pleasant and delightful experience.
its buy price should be 507
wap me for share advise 8459 22 0202
Expensive still Stove Kraft can be a long term investment ideaEntry in Stovekraft can be taken after a closing above 700. Targets will be 741 and 800. Keep a stop loss at closing below 638. Stove Kraft is a company manufacturing home appliances. Negatives of this company are expensive valuation as the stock trades at a PE of 43.8. Increasing pledging of promoters and declining cash flow. Positives of the stock are that Stove Kraft Ltd. is a company with low debt and book value of the share is increasing since last 2 years.
STOVE KRAFT, AGAIN TOUCHED THE TREND LINEi am waiting for a breakout by stove kraft, but it touched its major downtrend line, and now its gainig momentum(since, there are larger bars in the volume).
by the way, if you look the trend line from its IPO time(drawn in larger black line), the stock is sitting at the least point(support line), so if you are waiting for a breakout or not, you can still buy the stock, and earn till it reached its resistance line.
Base Formation complete above 695BULLISH Reversal Pattern found and Above 700 Close 1 day
Target 777, 800+
SL 650
Risk is yours and Reward is too yours
stovekraft bullishbreakout possible
upcoming diwali sales positive for the company
strong in online model
target upper end of channel
stop loss below lower channel
Stove Craft, FlagStove Craft Flag pattern breakout. Momentum seen with good volumes. Buyers actively participated. Clear breakout.
STOVEKRAFT: 15-20 % Rally on the wayWait for up-side breakout of sideways consolidation.. previously we seen 30-35% rally, so we may predict around 20% upside on breakout.
Intraday buying opportunity in Stove KraftIntraday buying opportunity in Stove Kraft
Entry 1018
Stoploss 1008
Target 1028.35/1033.35
Big rally after every consolidationPrice is making new highs after every trendline breakout.
I'm a beginner, i'm just sharing my views.
STOVEKRAFT 15MINSTOVEKRAFT is giving a cup and handle pattern. Breakout of this pattern can give a upside movement. Can buy after the breakout, green lines are the targets and red are the shorts.
