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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 2024-01-05 View latest technical analysis

10 day averaged volume of Shakti Pumps is 98688

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	1013.80	1028.80	1037.10	1000.00	0.822 times
04 Thu Jan 2024	1009.40	1001.70	1021.95	1000.00	0.412 times
03 Wed Jan 2024	994.10	1011.65	1015.00	989.75	0.516 times
02 Tue Jan 2024	1012.75	1032.60	1036.70	1000.50	0.582 times
01 Mon Jan 2024	1029.30	1032.90	1047.00	1018.00	0.741 times
29 Fri Dec 2023	1023.50	1020.00	1093.95	1015.00	5.037 times
28 Thu Dec 2023	1002.90	997.65	1010.00	970.55	0.61 times
27 Wed Dec 2023	988.05	1004.65	1010.00	980.00	0.43 times
26 Tue Dec 2023	994.70	994.65	1012.00	986.00	0.599 times
22 Fri Dec 2023	985.55	963.00	999.85	963.00	0.481 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1017.6 as stoploss in an intra day sell trade for a target of 997.01. However, stock will show a bullish move above 1017.6.

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	986.7
Downside Intraday Target	959.6
Upside Intraday Target	1043.95
Upside Intraday Target	1074.1
Upside Intraday Target	1016.85

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	1013.80	1032.90	1047.00	989.75	0.46 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 down 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
05 Fri Jan 2024	1013.80	1032.90	1047.00	989.75	0.197 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 down 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Shakti Pumps ( (SHAKTIPUMP) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shakti Pumps stock for short term is BUY. Signal strength is Strong and stock is gaining 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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Shakti Pumps in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1014.29 and Shakti Pumps (SHAKTIPUMP) stock is trading below this level. This means that stock is falling with high volumes. 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.