SHAKTIPUMP :- Above breakout line it can do well
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price...
Shakti 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...
ShaktiPump started upward Journey.
This impulse leg should stop after claiming new high and based on observation this move should be fast enough.
Strategy remains buy on dips
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...
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...
