Technical Analysis Craftsman Automation Ltd.
The stock $CRAFTSMAN is trading in a strong uptrend after a sharp breakout from around ₹7700–7900. The stock rallied quickly to nearly ₹9800 and is now moving sideways between ₹9100 and ₹9600 which indicates healthy consolidation after a strong rally rather than a trend reversal. The recent price action shows that buyers are still defending higher levels. Although momentum has slowed the stock continues to trade above its previous breakout zone suggesting the primary trend remains positive. The stock has strong support at ₹9100–9200 where buyers have repeatedly defended the price. If this level breaks the next support is around ₹8800–8900. On the upside ₹9550–9650 is the immediate resistance. A strong breakout above this zone with higher volume can push the stock towards ₹9800–10,000 keeping the overall bullish trend intact. Short-term traders can consider buying only after a decisive breakout above ₹9650 with strong volume. Existing holders may continue to hold with a stop-loss below ₹9100. A fall below this level may lead to a deeper correction towards ₹8800 before fresh buying emerges.

















