Shakti Pumps - Breakout with volumes
A stock that is a major beneficiary of the budget and the switch towards solar pumps. We currently consume way too much of the countries electricity produced for these pumps and the govt is trying hard to replace them with solar power. Shakti is the market leader in such pumps.
Because the stock has run up alot i wouldnt suggest a buy at CMP but on a breakout retest.
Ideally closer to 475 with a 5% stoploss. Keep this stock on your watchlist for now.
Because the stock has run up alot i wouldnt suggest a buy at CMP but on a breakout retest.
Ideally closer to 475 with a 5% stoploss. Keep this stock on your watchlist for now.
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