SHAKTI PUMPS FOR LEARNING PURPOSE ONLY
Shakti Pumps has recently broken out of a symmetrical triangle pattern, indicating a potential bullish trend. Given the increasing profit margins and the government's focus on the sector, the stock appears to have strong fundamentals.
Key Takeaways:
Technical Analysis: Symmetrical triangle breakout, coupled with increasing volume, suggests a positive trend.
Fundamental Analysis: Consistent quarterly profit growth and government support provide a solid foundation.
Potential Upside: A target price of ₹1500 within 6-12 months is achievable.
Caution:
While the stock offers significant upside potential, it's important to note that it's a small-cap company, which inherently carries higher risk.
Key Takeaways:
Technical Analysis: Symmetrical triangle breakout, coupled with increasing volume, suggests a positive trend.
Fundamental Analysis: Consistent quarterly profit growth and government support provide a solid foundation.
Potential Upside: A target price of ₹1500 within 6-12 months is achievable.
Caution:
While the stock offers significant upside potential, it's important to note that it's a small-cap company, which inherently carries higher risk.
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.