Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame Stock is retesting the breakout and low volumes during retracement indicate the same.
If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart. One of the best stock to invest in "Make in India" growth story. Stock has given remarkable returns in the last 1 year and has the potential to give similar returns in coming years.
Trade active
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Stock has taken big rejection from support. Risky traders can enter at CMP
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Do keep a watch
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1150 from 1050. almost 10% done
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This is why they say, patience is rewarding. 20% move today. History repeated as this stock gives wild moves before budget! Do keep booking timely profits
Trade closed: target reached
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1 month of waiting and reward in 2 days! 1496 high made. Almost T2 achieved. We might see correction post budget in this stock. Book timely profits and hold free stocks for long term! 40%+ returns done
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1525 high made. T2 done as well!
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I hope long term investors have liked this idea. Stock has doubled in less than 6 months!