STOCK ANALYSIS FOR FOUR DAYS STOVE KRAFTGood evening friends., We are sharing our opinion on the stock level to watch is 1002.
Regards.
STOVEKRAFT trade ideas
Stovekraft Breakout after 20 days consolidationStovekraft was within a range for 20 days. Today has given a fresh breakout. In a negative closing in market, stock has shown outperformance
Flag pattern breakout (14% opportunity) || StoveKraftThe stock has broken the pattern with huge volumes. Can be bought for a target of 1170-1180. Target is calculated using flag pattern height. CMP-1030 and SL will be 950 on a closing basis. A 1:2 Risk Reward ratio. Do FOLLOW for more ideas.
StoveKraft long.Clean and Beautiful market structure.
consolidation followed by strong breakouts and volume spikes.
[Beginner Eye] Is it getting read for next breakout? Stovecraft Nice Chart Patterns , Looks its continue ..... Is it forming next Breakout?
STOVE CRAFET IN FOCOUS hello traders we can focous on stove craft
buy after 1006 for target 1017 , 1040 ++
Will STOVEKRAFT make a new high? STOVEKRAFT has been in a nice uptrend and it had made a high of 1017 on 30.08.21. Since then it has pulled back to the 20 EMA and has formed a continuation bar today. It seems that it is poised to continue its upward trend and possibly make new highs. A long trade can be initiated keeping the following levels in mind. Only initiate the trade if price sustains above the "LONG ABOVE" level for 15 minutes.
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LONG ABOVE : 977.15
STOP LOSS : 915
TARGET 1 : 1039.30
TARGET 2 : 1101.45
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Manage risk properly and trade the plan. :)
Made High of 10% returns in just 3 trading session 💥💥💥This scrip was posted on 24th aug in this platform and so far it had given almost 10 % returns in just 3 trading session. I hope our followers had benefit from this post. Kindly like and share it with your friends and needy people. Thanks to all 🙏🙏🙏
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
STOVEKRAFT LOOKS GOOD buy stovekraft 799-801 target 830 sl 790.... i think this stock retest again it previous high buy for btst trade and volume supportable..it break the level of 799
STOVE KRAFT : Impulsive waveSTOVE KRAFT: Very nice impulsive move , buy on any dip near 730 keeping a SL of 680 & hold for the tgt of 960 . Long term investor should hold for higher tgt of 1100-1200 .
Stove Kraft Cmp 773 dated 30.7.2021Stove Kraft Cmp 773 dated 30.7.2021
1. Flag Pattern BO above 800
2. Rectangle Bo @ 797
3. Triangle Pattern
4. ROCE is 31.60.
Buy for a tgt of 885-985 SL 710
It is just a view, pls trade at your own risk.
Stovekraft - a probable constant compounderStovekraft is mainly involved in home appliances sector,which always grows around in a CAGR of 12.
charts looks like an emerging constant compounder
Expecting Breakout ✌✌✌This scrip has formed short triangle pattern and expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏🙏
Stovekraft Inverted Head and Shoulder BreakoutStovekraft Daily Timeframe inverted head and shoulder breakout with volume.
Buy the dip for 1st target : 685.50
STOVE KRAFT Breakout and Retest tradeNSE:STOVEKRAFT Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
STOVEKRAFTSwing TrAdE options:
After Box Break-Out now forming Descending Triangle Pattern, Depends on the break-Out stock moves further.
Current Price- 595
P/E- 23.8 (less among competitors)
Short time target: 650, 690
Med Time target: 730(Pole Extension)
Pros:
Company has reduced debt.
Company has delivered good profit growth of 30.97% CAGR over last 5 years
Debtor days have improved from 47.73 to 36.00 days.
Note:
Its revenue contribution was Kitchen Appliances (88%) and Home Appliances (12%) in FY20. The improved product mix resulted in profit expansion.
Happy Trading
Abd
StoveKraft ( Investment Idea) Huge digital presence more thna 60% of sales online will adapt to change well
Will have to look out for increasing revenue share from higher margin products and look for cost optimization.
Issues is it does not have a premium brand under the company's name.
Needs to diversify away more from only kitchen appliances and focus more on other appliances.
Pretty undervalued at the moment should look to buy on dips.
Buy at the previous trading range top then also buy at the trading range bottom if price goes there.
Always remember this is an IPO stock and IPOS have been know to destroy wealth for a while until the free cash flow really starts coming it won't get a PE revaluation.
(For it to trade at a multiple close to TTK prestige or Hawkins or Havells it needs to stabilize it's cash flows and margins while heavily increasing sales and reducing debt.
So do keep an eye out for that.
Track the quarterly reports also for good results and execution by the management.
