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johntradingwick
Sep 11, 2022 5:39 PM

Shakti Pumps - Possible Breakout scenario  Long

SHAKTI PUMPS INDIANSE

Description

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
Comments
shadowthenoobtrader
Looks good in terms of volume contraction pattern too.
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