techtrail

Shakthi Pump: Setting For An Upmove

Long
NSE:SHAKTIPUMP   SHAKTI PUMPS INDIA
Price has been in a downtrend and has managed stage a turnaround recently. Look at the magenta swing - the momentum and volume . The move manged to clear prior swing high, which resulted in the disruption of the sequence of lower highs & lower lows.

Now look at the fall from the magenta swing high: The fall has been slow and gentle with relatively lower volume . Looks bullish to me. Watch out

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