$ShaktiPump - Weekly chart analysis

After the breakout of the down trend line with volume support it tested the small resistance level (534-557) and closed above it. It's now consolidating in a tight range. A daily close above 598 levels with volume support would confirm the start on and uptrend and can test the upper resistance levels.

Disclaimer: This is just an analysis. Trade on your own risk with proper position sizing.

Comment:

the probable 1st target is achieved which is the resistance zone(708-789)
~20% gains yet.

Comment:

~44% move in 8 weeks

Comment:

50% gains in 15 weeks. Still no weakness.