Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame
Stock is retesting the breakout and low volumes during retracement indicate the same.
If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart.
One of the best stock to invest in "Make in India" growth...
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...
1. Shakti Pumps Ready to Rally After an Inverse Head & Shoulders Pattern Break out
2.Volume is rising
3.RSI is trending
4.High Momentum stock
5.Mutual funds added 16,54,944 shares of Shakti Pumps with a total market value of Rs 220.70 crore in.Mar.24 (Highest MF buyers are SBI & LIC)
This idea is for educational purpose only. Take advice of your financial...
With a guidance of another super result the stock could move still higher.
Long above 1540 with a SL below 1375.
Ideally the goal will be to hope there is first a correction which takes the stock close to 1400 where it'd make for a lower risk entry point and then buy again above 1540 or above 1565.
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF Shakti pumps :-
•Breakout of VCP pattern on DTF
•Break counter trend line
•Volume Build-up Near breakout zone
•Bullish trend/ make good structure also
•Made...
cup handle pattern.
upmove can observe as accumulation on every dip for very long term
risk is ur ,decission is ur
posted as tren chart pattern analysis lerning only
The stock has recently broken out of a rounding bottom pattern, and this breakout was supported by robust trading volumes. Importantly, good volumes were observed during the formation of the rounding bottom pattern, indicating sustained interest in the stock.
Furthermore, the breakout occurred after a period of consolidation at the breakout level, adding strength...
The stock seems to be coming off a good earnings reaction with a strong start to the morning. It was tight before. A good R:R from a good structure. Let's see whether it works.
Impulse move Expected
1. Long If sustains above 1104
2. Target 1220
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
This is for Educational purpose.
SHAKTIPUMP Bullish; above 928 on Friday 05th Oct
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice)...
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...
#Shakti Pumps
-It is pioneer in manufacturing 100% energy efficient stainless steel Submersible Solar pumps and motors.
-Market Cap₹ 1,665 Cr.
ROCE 10.4 %
InstHold 0.54%
-Growth 3 Years
Sales 36%
PAT 54%
-Nearing ATH.
-Close above 930 Will lead further upmove.
On weekly time frame price is at its supply area.
Buy with some caution as price may retrace.
Fundamentals are average.
Maintain SL asp risk management.
