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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 2024-02-05 View latest technical analysis

10 day averaged volume of Shakti Pumps is 379701

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	1466.25	1518.00	1536.00	1450.00	0.285 times
02 Fri Feb 2024	1500.30	1460.00	1604.30	1450.50	1.028 times
01 Thu Feb 2024	1459.95	1495.00	1515.80	1429.85	0.574 times
31 Wed Jan 2024	1478.30	1470.00	1523.30	1412.15	1.264 times
30 Tue Jan 2024	1471.55	1370.00	1525.30	1355.45	4.041 times
29 Mon Jan 2024	1271.10	1271.10	1271.10	1221.55	1.779 times
25 Thu Jan 2024	1059.25	1069.90	1115.00	1052.00	0.341 times
24 Wed Jan 2024	1059.80	1066.00	1105.00	1050.30	0.274 times
23 Tue Jan 2024	1066.65	1115.00	1150.05	1056.00	0.316 times
22 Mon Jan 2024	1120.20	1135.00	1144.90	1111.00	0.134 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1363.7, but if it comes below 1363.7, then a intra day sell could be more profitable.
If you take a sell trade below 1363.7, then use 1363.7 as stoploss and 1195.65 as target. However if you take a buy trade in stock , then use 1363.7 as stoploss and 1565.4 as target.

Share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Target	843.55
Downside Target	928.95
Downside Target	989.75
Downside Target	1047.75
Downside Target	1093.95
Downside Target	1128.00
Downside Target	1187.75
Downside Target	1221.55
Downside Target	1429.85
Downside Target	1450.00
Upside Target	1525.30
Upside Target	1536.00
Upside Target	1604.30

Intraday share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Intraday Target	1432.17
Downside Intraday Target	1398.08
Upside Intraday Target	1518.17
Upside Intraday Target	1570.08
Upside Intraday Target	1484.08

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	1466.25	1518.00	1536.00	1450.00	0.033 times
02 Fri Feb 2024	1500.30	1271.10	1604.30	1221.55	8.156 times
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

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 Mon Feb 2024	1466.25	1495.00	1604.30	1429.85	0.132 times
31 Wed Jan 2024	1478.30	1032.90	1525.30	989.75	3.534 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

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 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 positive zone. This is a BUY 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 1396.31 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.