SHAKTIPUMP: Inverse Head & Shoulders CMP: 563
- Trading in the Inverse Head & Shoulders pattern
- Formed a Doji candle near a crucial resistance
- Support: 530-535
SHAKTIPUMP trade ideas
V shape recovery SHAKTI PUMPSTrendline breakout and reversal from support.
it can test all time high.
Shakti Pumps - Possible Breakout scenario Key highlights:
⚡️ Bullish market structure - clear formation of Higher highs and higher lows.
⚡️ Inverse Head & Shoulders pattern.
⚡️ Attempting to reclaim the flip level.
⚡️ Any pullback towards the 450 zones seems like a buying opportunity until and unless the price closes below the 450 level, decisively with good volume.
⚡️ The long target is 700 and higher.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Buy ShaktipumpsVery good stock
good R:R
Trend is change seen in charts
fundamentally very good stock
Symmetrical TriangleA symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
How to identify a Symmetrical Triangle correctly
1.The sides of the triangle slope equally (that's why it's symmetrical)
2.The triangle has lower highs AND higher lows – at least two of each.
3.It looks like a funnel, with the price “squeezing” from the left towards the right.
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.
Breakout in SHAKTIPUMPBreakout in SHAKTIPUMP
Entry: Above 546
Target: 635
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Short Term and Low Risk set up ✌✌This scrip is expected to give short Term breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
SHAKTIPUMP | Excellent area of value - 200 EMA + Demand zoneSHAKTIPUMP | Excellent area of value - 200 EMA + Demand zone
CMP : 490 (Dip : 460)
SL : 410
Target : 860
Very good valuation at this price.
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.
Breakout in Shakti Pumps Chart is self explanatory .Entry, Targets and stop loss are mentioned on the chart.
Disclamer : This is for educational purpose only.Not a buying or selling recommendation.
SHAKTIPUMPPrice has touch the Demand zone and gave a strong response with a bullish candle and started an upward momentum as per the current market situation the price may have volatility but making a positional trade will not effect the bullish momentum in a long run..." EDUCATIONAL PURPOSE ".
Shakti Pump 2 year viewBased on C&H formation on weekly charts, this could be a 8x multi bagger in the next 2-3 years. (5600/-)
Disclaimer: Market is supreme. We are all just hopefuls.
SHAKTI PUMP BUYING LEVELSTRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
Shakti Pump Daily ChartShakti Pump Daily Chart
This shows the pull back right from the top resistance. Now Price is moving towards the lower support. Also the pattern is looking bearish.
shakti pumps bullish19th oct earnings date, expect it to touch upper band
for education purpose only
SHAKTIPUMP Retesting 750-770 LevelNSE:SHAKTIPUMP Broke above the longterm resistance level 750-770 level on 14th October with an exceptional volume. The stock has revisited the said zone in the last two days and withstood it. Idea is to go long here with 680 as SL and 880 as Target for short term
