Shakti Pumps Long
The chart shows hidden divergence (HL on price and LL on indicator) and price will move up.
Target - 145.86
Stoploss - 127.91
SHAKTIPUMP trade ideas
Shakthi Pump: Setting For An UpmovePrice has been in a downtrend and has managed stage a turnaround recently. Look at the magenta swing - the momentum and volume. The move manged to clear prior swing high, which resulted in the disruption of the sequence of lower highs & lower lows.
Now look at the fall from the magenta swing high: The fall has been slow and gentle with relatively lower volume. Looks bullish to me. Watch out
