Stock name = Shakti Pump INDIA Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
SHAKTI PUMPS INDIA (1D)
CMP 717.60
Price has given breakout and consolidating in a range
Retested breakout zone
Shakeout also happend so weak hands are out and strong hands can take it higher
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Shakti pumps appears to repeat the pattern yet again which is being seen from its inception
Also, it BOnthe flag pattern and supporting at one of the major gann levels
MACD cross over being done and looks bullish
Levels are marked in the chart for SL and targets
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
Chart looks good. A Possible up move, can keep a watch. Stock has given a breakout, wait for retest and confirmation. Please also do your Study and Analysis before considering buying. Idea is for cash market only.
Seeking Professionals guidelines to trade this counter on staggered way approach. 34% @ high of 21 August candle or Trend Line Breakout, 33% @ 564 and 33% above 581. Stop loss will be 409 and target will be 1210.
Note : Its Not a buy call, Please do your own research/ consult your financial advisor before all..
Chart shows that the price is taking support at the levels drawn and also looks like its forming the Cup& Handle pattern on the chart.
This is purely a technical view and not a buy or sell recommendation.
Shakti Pumps CMP 555.85 looks good for Fresh entry above 590 closing. Keep in Radar. Targets will be 631, 650 and 715. Keep a trailing stop loss at 530.
Note: Wait for closing above 590.
Entered the stock after a clean Cup n Handle breakout. First entry was at 560 with a 9%sl, second at 595. Average buy was 578 for two positions. My sl for both the positions was 535.
But the same stock reached 640plus which is more than 12% from my first buy, i moved my stops to break even @580. Traded this stock for an average returns of 33% on both the...
Another beautiful uptreanding stock. Recently traded for a Cup and Handle formation had v good move. Holding a small position, will have a complete position once it breaks above the horizontal line.
Positional
Flag Breakout with high volumes and delivery
Accumulation Zone 780-800
StopLoss: A close below 750
Targets 910/1010/1175
Disclaimer: Educational View
Good evening friends welcome again now we are discussing about a stock that can be in your investment portfolio after consulting from your financial advisor that is Shakti pumps till the time it is able to sustain above 790 you can see that the stock will witness new highs because last time this is stock was above 790 in 2014 so after a long log consolidation it...
