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SHAKTIPUMP

Shakti Pumps (india) Limited - Breakout Setup, Move is ON...#SHAKTIPUMP trading above Resistance of 965.85 Next Resistance is at 1306 Support is at 741 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHAKTIPUMPLong
by MandeepSinghKohli
1
Shakti Pumps (india) Limited - Breakout Setup, Move is ON...#SHAKTIPUMP trading above Resistance of 4009 Next Resistance is at 4923 Support is at 3019 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHAKTIPUMPLong
by MandeepSinghKohli
1
Shakti Pumps (india) Limited - Breakout Setup, Move is ON...#SHAKTIPUMP trading above Resistance of 3019 Next Resistance is at 4009 Support is at 2241 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHAKTIPUMPLong
by MandeepSinghKohli
Shakti Pumps (india) Limited - Breakout Setup, Move is ON...#SHAKTIPUMP trading above Resistance of 2593 Next Resistance is at 3019 Support is at 1904 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHAKTIPUMPLong
by MandeepSinghKohli
SHAKTIPUMP - Shakti Pumps IndiaShakti Pumps (India) Ltd specializes in the production of a diverse range of pumps and motors. Additionally, the company provides cutting-edge water pumping solutions tailored to meet the needs of various sectors, including agriculture, horticulture, residential water supply, and both commercial and industrial applications. 🔹 Technicals: ▸ Trend changed in April ▸ Confirmed uptrend ▸ 20 and 50 EMA has acted as a support ▸ Good chance that it goes into consolidation for some time before moving higher ▸ A demand zone is present at 580-620. This zone could provide a bounce if and whenever the price returns to it. ▸ 200 EMA is also coinciding with the demand zone, thereby creating a confluence zone. 🔸 Fundamentals: March 2023 ▸ Sales: 968 Cr ▸ Sales Growth: -18% ▸ Net Profit: 24 Cr ▸ Net Profit Growth: -18% March 2022 ▸ Sales: 1179 Cr ▸ Sales Growth: 27% ▸ Net Profit: 65 Cr ▸ Net Profit Growth: 24% March 2021 ▸ Sales: 930 Cr ▸ Sales Growth: 143% ▸ Net Profit: 76 Cr ▸ Net Profit Growth: 24% Muted sales in 2023 and the OPM% has also shrunk. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:SHAKTIPUMP
by aditichawla
Will history repeat itself?Chart -> Shakti Pumps Weekly After making an all-time high in 2018, the stock was in a downtrend and given a symmetrical triangle breakout at the bottom for a giant rally. The stock becomes 3 times in a short time after the breakout! This time the same structure has repeated! After making an all-time high, the stock was in a downtrend and this week gave a symmetrical triangle breakout! CMP: 547 Targets: 600, 700, 850 SL: 460 weekly close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
NSE:SHAKTIPUMPLong
by kathanthakkar403
SHAKTIPUMP to revers it's downtrend from strong weekly support.SHAKTIPUMP is has been in a downtrend for a long time. Now it has formed double bottom pattern on its strong weekly horizontal line support. Also is forming a bullish hammer candlestick pattern on weekly support line. This suggest that there is a strong demand for this share around this level. The stock has closed above the neckline of double bottom in hourly chart in the back of huge volume. It clearly shows strong buying interest. Swing traders keep this stock on radar and look to enter in dips. Swing traders may book their profit around downward sloping trendline. If it breaks that line then the stock will surely touch new highs in coming future.
NSE:SHAKTIPUMPLong
by sumedhb100