SHAKTIPUMP trade ideas
Shakti Pumps - 3yr Breakout RetestThe stock gave a clean rounding bottom breakout with big volume bars, even created a cluster of volume (a good sign). Pulled back to breakout area on low volume. Stabilizing around the breakout retest. The volume RSI is at its support level, making a possible double bottom. Could start its run up when markets end the bearish streak in coming days.
FUNDAMENTALS
Excellent fundamentals. Going to benefit from Govt scheme (KUSUM) meant to replace Agriculture Diesel pumps with Solar Water pumps and Solarise Grid connected Agriculture pumps. Did 50000 out of the govt target of 1lakh in FY21.
Though Govt is targeting for 20 lakh pumps by FY22 (this is unlikely to happen). Still, FY22 targets will easily beat FY21 and hopefully more will happen in next 3 years while they are in power.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Shakti Pumps trend analysis.A very simple yet powerful observation and analysis on Shakti pumps , there is a pattern in formation where it can give more than 10%, timely entry and exit is a must.
Shakti Pumps India Ltd. - Up Flag on Daily ChartShakti Pumps India Ltd. had an impressive rally followed by the consolidation. Price gave an upward breakout on a daily candle on 3rd June 2021 and closed at Rs.837. The breakout has a massive volume support. I anticipate the price target of Rs.988 expected to be achieved in 7-10 daily candles. I suggest the stop loss at Rs.787. Expected risk-reward ratio is 1:3. The stop loss should be followed for the first four daily candles. Thereafter the profit booking/ exit decision should be based on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea shall be solely at the risk of the investor.
Shakti Pumps - Momemtum PivotThe stock had been moving up and seems to be forming a new base..
Long above 760. SL below 740.
I would add even more above 790 while shifting SL to 760.
Keeping an open target as i feel this stock has a lot of upside left.
PS: I already own this stock from lower levels.
SHAKTI PUMP - - 2 BULLISH PATTERNCharts showing simultaneously two Bullish pattern- Rounding Bottom & Bullish Flag. Keep on radar, still waiting for volume breakout.
cup and handleClean CnH pattern, had double entries. Entry points are marked via horizontal lines Stock looks too good almost closed on upper circuit of 20%.
Shakti Pump - CMP: 702It has given Trend Line breakout on Daily and Weekly chart with a v.good delivery volume . It has also given Flag Pattern breakout on the weekly chart. All oscillators are in bullish bios. ADX is indicating strength in the uptrend. We can expect a Flag Pattern price target up to 945 in Mid Term.
Shakti pump accumulation phaseAfter sharp move stock go in consolidation mode may be running accumulation phase may give up move again
worth to Keep in watchlist
Fundamental view :
Promoter increase their holding
Shakti pump: Rounding bottom in formationAll levels are mentioned on the chart.
DISC: consult your financial advisor before making any bet. For educational purposes only.
SHAKTIPUMP Weekly Chart AnalysisOn weekly chart Shaktipump
Triangle Breakout
Fibonacci level breakout &
Presence of Doji and Bearish Engulfing candle
Please comment your view !!!
No Trade Suggestions !!!
Thank you
Shakti PumpsShakti Pumps - Cmp 576
Possible breakout candidate if closes and sustains above 569. Can long for initial targets of 600+.
