CRAFTSMAN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of CRAFTSMAN AUTOMATION

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹6,553) and 200 DMA (₹5,699), confirming a strong bullish structure.

RSI at 50.9 is neutral, indicating consolidation after a rally.

MACD at 22.6 is positive, showing continued bullish momentum.

📈 Technical Indicators

Moving Averages

Price (₹6,784) > 50 DMA (₹6,553) > 200 DMA (₹5,699): Golden crossover confirmed

RSI (50.9)

Neutral zone. No overbought or oversold signal, but room for upside.

MACD (22.6)

Strong positive crossover. Momentum is building.

Bollinger Bands

Price near upper band, suggesting strength but also short-term resistance.

Volume Trends

Current volume (6.8K) << 1-week average (23.6K): Weak participation

Indicates lack of conviction from buyers at current levels.

🔍 Short-Term Momentum Signals

Bullish Bias with Caution

MACD and price above key moving averages support continued upside.

RSI suggests consolidation, not reversal.

Low volume may limit breakout potential unless supported by fresh buying.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 6,550 50 DMA, short-term base

Support 2 6,300 Previous swing low

Resistance 1 6,900 Minor psychological barrier

Resistance 2 7,100 Recent swing high

Resistance 3 7,325 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹6,550–₹6,650 (on dips near 50 DMA)

Exit Zone: ₹7,100–₹7,325 (partial profit booking)

Aggressive Target: ₹7,500+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong MACD, neutral RSI, weak volume

Outlook: Favorable for swing trades; watch for volume confirmation

Valuation: Very high P/E (160) vs industry (29.1), low ROE/ROCE, and negative PEG suggest overvaluation—short-term trades preferred over long-term holds

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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