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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 2024-01-12 View latest technical analysis

10 day averaged volume of Shakti Pumps is 184215

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	1080.25	1117.90	1126.70	1075.05	0.525 times
11 Thu Jan 2024	1116.75	1108.00	1150.00	1091.40	1.507 times
10 Wed Jan 2024	1093.55	1071.50	1135.00	1049.55	2.421 times
09 Tue Jan 2024	1070.20	1069.00	1084.00	1055.00	0.845 times
08 Mon Jan 2024	1061.40	1017.00	1068.20	1011.65	0.882 times
05 Fri Jan 2024	1013.80	1028.80	1037.10	1000.00	0.44 times
04 Thu Jan 2024	1009.40	1001.70	1021.95	1000.00	0.221 times
03 Wed Jan 2024	994.10	1011.65	1015.00	989.75	0.277 times
02 Tue Jan 2024	1012.75	1032.60	1036.70	1000.50	0.312 times
01 Mon Jan 2024	1029.30	1032.90	1047.00	1018.00	0.397 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1061.6, but if it comes below 1061.6, then a intra day sell could be more profitable.
If you take a sell trade below 1061.6, then use 1061.6 as stoploss and 1017.55 as target. However if you take a buy trade in stock , then use 1061.6 as stoploss and 1114.4 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
Downside Target	1047.00
Downside Target	1048.70
Upside Target	1093.95
Upside Target	1128.00
Upside Target	1150.00
Upside Target	1224.65

Intraday share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Intraday Target	1011.27
Downside Intraday Target	942.28
Upside Intraday Target	1149.62
Upside Intraday Target	1218.98
Upside Intraday Target	1080.63

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	1080.25	1017.00	1150.00	1011.65	3.754 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	1080.25	1032.90	1150.00	989.75	0.936 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 1074.13 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.