CRAFTSMAN Price action analysis

Craftsman Automation Ltd (CRAFTSMAN) has shown significant price action in recent months. As of February 27, 2025, the stock is trading at 4,733.25 INR, down 2.43% from its previous close of 4,850.95 INR

## Technical Analysis

The stock is currently displaying bearish signals across multiple technical indicators:

- **Super Trend**: Mild bearish with a value of 4416.49
- **Parabolic SAR**: Strong bearish trend, indicating a nicely trending downward movement
- **MACD**: Bearish crossover, with the MACD line sustaining below the signal line
- **Bollinger Bands**: Strong bearish signal with a negative breakout
- **ADX**: Trending downwards, suggesting a bearish momentum

## Recent Performance

CRAFTSMAN has shown mixed performance across different time frames:

- **1-week change**: Up 1.34%
- **1-month change**: Down 12.21%
- **Year-to-date**: Performance data not available in the search results

## Historical Pattern

Between December 2023 and August 2024, CRAFTSMAN formed a cup and handle pattern on the daily chart. The stock broke out of this pattern on August 26, 2024, with significant trading volume.

## Valuation

Despite the recent bearish technical signals, some analysts consider CRAFTSMAN to be undervalued:

- Current market price: 4,059.40 INR
- Intrinsic value (average of DCF and relative values): 5,527.45 INR
- Undervaluation: 27%

## Analyst Projections

Wall Street analysts have set the following price targets for CRAFTSMAN:

- Average 1-year price target: 5,256.91 INR
- Low forecast: 4,317.75 INR
- High forecast: 6,090.00 INR

Investors should note that while technical indicators currently suggest a bearish trend, the stock's valuation and analyst projections indicate potential upside. As always, it's crucial to conduct thorough research and consult with a financial advisor before making investment decisions.