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CRAFTSMAN AUTOMATION LTDCRAFTSMAN AUTOMATION LTDCRAFTSMAN AUTOMATION LTD

CRAFTSMAN AUTOMATION LTD

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CRAFTSMAN trade ideas

CRAFTSMAN AUTOMATION READY TO CRAFT SOME QUICK RETURNSThe stock has been forming an cup and handle pattern on the daily timeframe , it faced severe drawbacks many times but the stock stayed resilient and made a quick comeback the company is the Largest player in machining of cylinder blocks and cylinder heads in the intermediate, M&HCV segment as well as in the construction equipment category Manufacturing Facilities - Co. has 12 manufacturing facilities located at Coimbatore, Chennai, Bangalore, Pune, Indore, Faridabad, and Jamshedpur with a total built-up area of 1.6+ Million Sq.ft. Client Concentration (FY23) Top 10 customers contributed 58% of revenue. Geographical Split (FY23) Domestic: 92% & International: 8% Automotive segment Revenue Mix - Industry-wise - FY23 CV - 55% Off-Highway - 20% Tractors - 15% SUV - 10% Capex Co. did a capex of 309 Crs in FY23 to enhance technological upgradation and regular maintenance work. Co. incurred capex of Rs.1200 crore between fiscals 2017-20 The fundamentals of the stock are also quite promising as indicated in the chart the FIIs and DIIs holding have increased over the period of three years also profitability seems very extraordinary The Secular trend also looks quite optimistic and the targets are 6551 - TARGET 1( 3-4 WEEKS) 7085 - TARGET 2(10-12 WEEKS) STOPLOSS- 5439
NSE:CRAFTSMANLong
by keshavmaharaj958
1
Craftsman Automation - Cup and handle breakout Craftsman Automation - Cup and handle breakout Fundamentals MCAP- 14000 Cr PE - 48.7 > Industry PE of 36.91 PEG Ratio is 1.9 Debt to Equity is 1.06 and ICR is 5.19 ROE is 20%, ROCE is 20% ( 5yr ROCE is 17%) Sales growth is 29%, 5yr Sales growth is 19% Profit Growth is 6%, 5yr Profit growth is 25% Promoter holding is 48% , down 6% in last quarter FII AND DII Holding has gone up. Latest results - Revenue beat, but earnings was negative surprise Technicals CMP - 5785 Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70 Commentary As seen in the charts , the stock has been trading in the parallel channel since its IPO in 2021. It has also formed a cup and handle formation from Dec 2023 to till date. The cup low is ~4000 and cup high is 5500. As of today, 8/23, the stock has breached out of the cup and handle formation and touched 5800 levels. Target : T1 : As per the channel, the stock should march higher and reach channel highs around 6000-6200 by end of this year 2024 T2 : As per cup and handle , 7000 buy mid to late 2025 Disclosure 1 - Invested Disclosure 2 - Not SEBI Registered Disclosure 3 - This is Not investment advice. Treat it as educational
NSE:CRAFTSMANLong
by harishnarayan2579
1
CRAFTSMAN [cup&handle]CRAFTSMAN The chart seems to display a cup and handle formation, which is a bullish continuation pattern. After forming the "cup" (rounded bottom), the price consolidates, forming the "handle." The breakout from the handle typically signals a continuation of the upward trend . The price appears to have broken out above the resistance level that was part of the handle, indicating a potential start of a new upward movement. The price has broken out of a consolidation pattern, indicating bullish momentum. The first and second target levels ("1st TRG" and "2nd TRG") are plotted above the current price, suggesting expected future resistance levels where the price might take a pause or reverse. 1]1st Target (TRG): The first target seems to be near ₹6,700. 2]2nd Target (TRG): The second target is closer to ₹7,800. The breakout point around ₹5,700 could now act as a support level. If the price pulls back, this level might provide buying interest. The breakout appears to be accompanied by an increase in volume, which is a positive sign, confirming the strength of the move. Retest of Breakout: Watch for a potential retest of the breakout level around ₹5,700. If the price successfully holds above this level, it would further confirm the bullish trend. Risk Management: Consider placing stop-loss orders below the breakout level or near the handle's low to manage risk effectively. Trend Strength: Continue monitoring the volume and price action as the price approaches the target levels. If the volume decreases, it may indicate weakening momentum. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
NSE:CRAFTSMANLong
by asAMOLSUTAR
CRAFTSMAN AUTOMATION FORMING ROUNDING BOTTOM ~ CAN REACH 7000The stock has been in a contunious uptrend since its listing in april with aligns with its fundamental peformance . Lately the has been forming a rounding bottom pattern , it showed immense resillence today moreover i think it can reach new heights soon breaking the all time high and the parallel channel The company has the lowest PE amongst its competitors and has a absolute staggering growth trend in all aspects whether it be sales or profitability The stock has been forming similar pattern witnessed in zomato and polycab lately both of which are already mentioned on my profile and i expect to add one more to the list
NSE:CRAFTSMANLong
by keshavmaharaj958
CRAFTSMAN AUTOMATION - Price Reversal - 50% upside?Overview & Observation: 1. HH-HL formation implies bullish structure. 2. Perfect volume spike. 3. Strong candle formation and breakout of the channel. 4. Earnings are stable. 5. RSI above 75 means we can expect some consolidation or minor pullback before the next big move. Trade Plan: - Entry Point: 1st aggressive entry can be planned at CMP - Stop Loss: 10% - Target: 15-50% (ATH high resistance break is expected minimum...) - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CRAFTSMANLong
by SuperNova396
Short Term Trading in Craftsman Automation for > 10% UpsideHi, 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 mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:CRAFTSMANLong
by raigvivek
1
Positional or Long term Opportunity in Craftsman AutomationGo 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 Bullish Hammer (marked with orange color) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
NSE:CRAFTSMANLong
by Nimish_Ghagare