Consider a potential swing trade opportunity in Craftsman Automation . Reasons are listed below : Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment. Bullish Hammer Candlestick : A bullish hammer candlestick observed on the...
To everyone, it looks like reverse H & S pattern but it is not actually. FIIs & DIIs have increased their holdings in June quarter. Now everyone is bullish so it will do the opposite. Technically price is forming medium bearish divergence with RSI on daily TF. Fundamentally overvalued with high debt to equity and increasing trend of trade payables. 30-33%...
Potential cup and handle breakout. After the first initial rise after ipo, consolidating for 8 weeks.. and ready for next upmove. Volatilty also getting less in weekly .