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(SHAKTIPUMP) Shakti Pumps complete technical analysis [charts+indicators] | Buy/Sell Shakti Pumps | (SHAKTIPUMP) share price targets

Complete technical analysis of Shakti Pumps (SHAKTIPUMP) by charts plus indicators, forecast predictions and share price targets for Shakti Pumps (SHAKTIPUMP)

Shakti Pumps trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-01-01 View latest technical analysis

10 day averaged volume of Shakti Pumps is 96107

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	1029.30	1032.90	1047.00	1018.00	0.761 times
29 Fri Dec 2023	1023.50	1020.00	1093.95	1015.00	5.172 times
28 Thu Dec 2023	1002.90	997.65	1010.00	970.55	0.627 times
27 Wed Dec 2023	988.05	1004.65	1010.00	980.00	0.442 times
26 Tue Dec 2023	994.70	994.65	1012.00	986.00	0.615 times
22 Fri Dec 2023	985.55	963.00	999.85	963.00	0.494 times
21 Thu Dec 2023	978.75	938.00	982.50	928.95	0.607 times
20 Wed Dec 2023	938.50	978.95	986.00	933.00	0.654 times
19 Tue Dec 2023	972.15	991.95	997.75	969.00	0.608 times
18 Mon Dec 2023	992.35	997.90	1005.00	990.00	0.462 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1019, but if it comes below 1019, then a intra day sell could be more profitable.
If you take a sell trade below 1019, then use 1019 as stoploss and 997.96 as target. However if you take a buy trade in stock , then use 1019 as stoploss and 1044.2 as target.

Share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Target	730.20
Downside Target	843.55
Downside Target	924.95
Downside Target	970.55
Upside Target	1047.00
Upside Target	1048.70
Upside Target	1055.00
Upside Target	1093.95
Upside Target	1128.00
Upside Target	1224.65

Intraday share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Intraday Target	1015.87
Downside Intraday Target	1002.43
Upside Intraday Target	1044.87
Upside Intraday Target	1060.43
Upside Intraday Target	1031.43

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	1029.30	1032.90	1047.00	1018.00	0.111 times
29 Fri Dec 2023	1023.50	994.65	1093.95	970.55	2.427 times
22 Fri Dec 2023	985.55	997.90	1005.00	928.95	0.902 times
15 Fri Dec 2023	993.00	991.00	1048.70	984.00	1.09 times
08 Fri Dec 2023	983.35	1013.00	1055.00	980.05	1.829 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	1029.30	1032.90	1047.00	1018.00	0.047 times
29 Fri Dec 2023	1023.50	1005.10	1093.95	928.95	0.768 times
30 Thu Nov 2023	1004.60	1041.90	1128.00	996.00	0.125 times
31 Tue Oct 2023	1035.65	860.80	1224.65	843.55	1.813 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shakti Pumps (SHAKTIPUMP)

Price action analysis of Shakti Pumps ( (SHAKTIPUMP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shakti Pumps ( (SHAKTIPUMP) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shakti Pumps ( (SHAKTIPUMP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Shakti Pumps stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Shakti Pumps in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shakti Pumps Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Shakti Pumps in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shakti Pumps is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1005.4 and Shakti Pumps (SHAKTIPUMP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shakti Pumps (SHAKTIPUMP) stock. Volume based technical analysis of Shakti Pumps (SHAKTIPUMP) stock is negative.

Shakti Pumps Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.