Craftsman Automation - Cup and handle breakout
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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
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
Note
Craftsman Auto CMP 6200+ achieved. T1 Achieved Transaction en cours
Craftsman Auto CMP 6300+
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