Shaktipump. Breakout and Retest done. Watch for follow through.
Breakout Alert: Price breaking out of a long consolidation range and retested..
Current Price: ₹1015.45, showing strong momentum.
SL at ₹828.10.
Moving Averages:
30 SMA at ₹836.48 (acting as dynamic support).
200 SMA far below, indicating a long-term bullish trend.
Volume Surge: Bullish breakout confirmed with higher volumes.
Trend Outlook: Potential upside as breakout gains strength; watch for follow-through and plan the trade. The market is still weak so be cautious and position size accordingly.
Current Price: ₹1015.45, showing strong momentum.
SL at ₹828.10.
Moving Averages:
30 SMA at ₹836.48 (acting as dynamic support).
200 SMA far below, indicating a long-term bullish trend.
Volume Surge: Bullish breakout confirmed with higher volumes.
Trend Outlook: Potential upside as breakout gains strength; watch for follow-through and plan the trade. The market is still weak so be cautious and position size accordingly.
Trade active
28.5% move in our favour. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.