Shakti Pump aiming for a base breakout.
#positionalidea #shaktipump:
Looks good positionally if it breaks out of the base. Watch for base/Darvas box breakout for long opportunity.
🟢Trading above 50 DMA
🟢Good Relative Strength
🟢Good ROCE, ROE
🔴Circuit stock. Tends to hit UC/LC.
🔴Volume Needs improvement.
This is just a view and not a recommendation. Trade at your discretion.
➡️Market Cap---₹ 9,757 Cr.
➡️Current Price---₹ 4,870
➡️Stock P/E---29.7
➡️ROCE---31.4 %
➡️ROE---24.2 %
Looks good positionally if it breaks out of the base. Watch for base/Darvas box breakout for long opportunity.
🟢Trading above 50 DMA
🟢Good Relative Strength
🟢Good ROCE, ROE
🔴Circuit stock. Tends to hit UC/LC.
🔴Volume Needs improvement.
This is just a view and not a recommendation. Trade at your discretion.
➡️Market Cap---₹ 9,757 Cr.
➡️Current Price---₹ 4,870
➡️Stock P/E---29.7
➡️ROCE---31.4 %
➡️ROE---24.2 %
Related publications
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.