Shakti Pumps - Possible Breakout scenario

Key highlights:

⚡️ Bullish market structure - clear formation of Higher highs and higher lows.
⚡️ Inverse Head & Shoulders pattern.
⚡️ Attempting to reclaim the flip level.
⚡️ Any pullback towards the 450 zones seems like a buying opportunity until and unless the price closes below the 450 level, decisively with good volume.
⚡️ The long target is 700 and higher.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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