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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 2024-01-25 View latest technical analysis

10 day averaged volume of Shakti Pumps is 155912

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	1059.25	1069.90	1115.00	1052.00	0.83 times
24 Wed Jan 2024	1059.80	1066.00	1105.00	1050.30	0.668 times
23 Tue Jan 2024	1066.65	1115.00	1150.05	1056.00	0.771 times
22 Mon Jan 2024	1120.20	1135.00	1144.90	1111.00	0.325 times
19 Fri Jan 2024	1136.80	1164.65	1168.70	1122.00	0.605 times
18 Thu Jan 2024	1150.90	1108.80	1187.75	1101.00	2.489 times
17 Wed Jan 2024	1108.80	1060.75	1124.75	1047.75	1.634 times
16 Tue Jan 2024	1070.15	1090.00	1120.15	1061.35	0.622 times
15 Mon Jan 2024	1070.80	1076.60	1090.70	1048.00	0.484 times
12 Fri Jan 2024	1080.25	1117.90	1126.70	1075.05	0.621 times

My analysis of stock is bearish for shortterm, and stock might move down till 1024 or till 971.9. Use a stoploss of 1067.42 and if the stock hits stoploss, then it can shoot up till 1110.86

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
Upside Target	1093.95
Upside Target	1128.00
Upside Target	1150.00
Upside Target	1150.05
Upside Target	1187.75
Upside Target	1224.65

Intraday share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Intraday Target	1023.02
Downside Intraday Target	986.78
Upside Intraday Target	1122.77
Upside Intraday Target	1186.28
Upside Intraday Target	1086.53

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	1059.25	1135.00	1150.05	1050.30	0.444 times
19 Fri Jan 2024	1136.80	1076.60	1187.75	1047.75	0.799 times
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

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
25 Thu Jan 2024	1059.25	1032.90	1187.75	989.75	1.788 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, and volume has increased substantially. This means that the move can 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shakti Pumps ( (SHAKTIPUMP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Shakti Pumps in short term but the sell signal is initial and weak.

Shakti Pumps Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1104.26 and Shakti Pumps (SHAKTIPUMP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.