SHAKTIPUMP RESISTANCE BREAKOUT

SHAKTIPUMP, currently trading at ₹899.35, has shown a solid breakout above the marked resistance levels on the chart, indicating a strong potential for upward momentum in the coming weeks. Additionally, the stock has confirmed an ascending triangle breakout, reinforcing the bullish sentiment beyond the resistance level. This is a clear example of effective price action. The technical indicators look promising, with volumes steadily building up over the past few days, supporting the recent breakout.
Note
It is crucial for SHAKTIPUMP to sustain levels above ₹910. Failure to hold this level could result in the stock reversing its trend and potentially dropping significantly.
breakoutsignalChart PatternssupportandresistancezonesTrend AnalysisTrend Line Breaktrianglepattren

Disclaimer