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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 2024-01-08 View latest technical analysis

10 day averaged volume of Shakti Pumps is 100967

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	1061.40	1017.00	1068.20	1011.65	1.609 times
05 Fri Jan 2024	1013.80	1028.80	1037.10	1000.00	0.803 times
04 Thu Jan 2024	1009.40	1001.70	1021.95	1000.00	0.403 times
03 Wed Jan 2024	994.10	1011.65	1015.00	989.75	0.505 times
02 Tue Jan 2024	1012.75	1032.60	1036.70	1000.50	0.569 times
01 Mon Jan 2024	1029.30	1032.90	1047.00	1018.00	0.725 times
29 Fri Dec 2023	1023.50	1020.00	1093.95	1015.00	4.923 times
28 Thu Dec 2023	1002.90	997.65	1010.00	970.55	0.597 times
27 Wed Dec 2023	988.05	1004.65	1010.00	980.00	0.421 times
26 Tue Dec 2023	994.70	994.65	1012.00	986.00	0.585 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1055, for a target of 1025.5 or 1000.91

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
Downside Target	1047.00
Downside Target	1048.70
Upside Target	1068.20
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	1025.97
Downside Intraday Target	990.53
Upside Intraday Target	1082.52
Upside Intraday Target	1103.63
Downside Intraday Target	1047.08

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	1061.40	1017.00	1068.20	1011.65	0.536 times
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

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
08 Mon Jan 2024	1061.40	1032.90	1068.20	989.75	0.302 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shakti Pumps ( (SHAKTIPUMP) ) based on a short to mid 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 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. Bulls are getting stronger in this stock.

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 buy signal for Shakti Pumps in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 1022.31 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 positive

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