Go Long @ 4160.1 for Targets of 4456.75, 4753.4, 5050.05 and 5346.7 with SL 3863.45
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern...
Inverse head and shoulder formed on 1D tf.
One of the most beautiful chart pattern, and a very bullish signal for the company.
Can go long for long term for around 20-25% on the capital with strict SL.
This chart is only for educational purposes.
Trade at your own risk
Hi,
NSE:CRAFTSMAN has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets...
The current correction since the high of 5513 has been 27% and to the 50% FR level, which is in line with the past price corrections.
Additional support level is placed at the Dec-22 high of 3711.
Conviction of up-move resumption would come after Weekly MACD crossing above its Trigger line.
In the case, the up-move could extend to test 6985-7925 zone.
...
#CRAFTSMAN trading above Resistance of 5233
Next Resistance is at 5813
Support is at 4295
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and...
#CRAFTSMAN trading above Resistance of 4295
Next Resistance is at 5233
Support is at 3357
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
BUY - CRAFTSMAN AUTOMATION LTD
CMP - Rs. 4542
Target - 1: Rs. 5913
Target - 2: Rs. 6725
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Timeframe - 3-5 months
.
Technicals - Ascending Channel Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
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CRAFTSMAN stock chart has formed a series of bullish patterns. Let's break it down:
📈 Inverse Head and Shoulders Pattern 📈
➤ The inverse head and shoulders pattern formed from January 2023 to May 2023 at all-time high levels.
➤ Inverse Head and Shoulders is generally considered a bullish signal.
📈 Breakout and Retest 📈
➤ On May 31st, 2023, a breakout occurred...
