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(SHAKTIPUMP_BE) Shakti Pumps complete technical analysis [charts+indicators] | Buy/Sell Shakti Pumps | (SHAKTIPUMP_BE) share price targets

Complete technical analysis of Shakti Pumps (SHAKTIPUMP_BE) by charts plus indicators, forecast predictions and share price targets for Shakti Pumps (SHAKTIPUMP_BE)

10 day averaged volume of Shakti Pumps is 130857

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	2180.90	2295.65	2295.65	2180.90	0.636 times
07 Tue May 2024	2295.65	2369.30	2389.85	2200.00	1.301 times
06 Mon May 2024	2293.60	2293.60	2293.60	2184.40	1.164 times
03 Fri May 2024	2184.40	2184.40	2184.40	2122.05	1.495 times
02 Thu May 2024	2080.40	2080.40	2080.40	2055.00	3.239 times
30 Tue Apr 2024	1981.35	1981.35	1981.35	1981.35	0.11 times
29 Mon Apr 2024	1887.00	1887.00	1887.00	1887.00	0.183 times
26 Fri Apr 2024	1797.15	1828.85	1850.00	1775.00	0.435 times
25 Thu Apr 2024	1840.15	1760.00	1856.60	1733.00	0.84 times
24 Wed Apr 2024	1768.20	1844.00	1844.00	1690.00	0.964 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2075.4, but if it comes below 2075.4, then a intra day sell could be more profitable.
If you take a sell trade below 2075.4, then use 2075.4 as stoploss and 1779.69 as target. However if you take a buy trade in stock , then use 2075.4 as stoploss and 2430.2 as target.

Share price targets for Shakti Pumps (SHAKTIPUMP_BE)

Target Type	Value
Downside Target	296.00
Downside Target	378.00
Downside Target	409.80
Downside Target	1149.00
Downside Target	1335.00
Downside Target	1390.00
Downside Target	1436.00
Downside Target	1521.00
Downside Target	1554.90
Downside Target	1597.65
Downside Target	1677.50
Downside Target	1856.60
Downside Target	1981.35
Downside Target	2055.00
Downside Target	2180.90
Upside Target	2389.85

Intraday share price targets for Shakti Pumps (SHAKTIPUMP_BE)

Target Type	Value
Downside Intraday Target	2111.25
Downside Intraday Target	2041.6
Upside Intraday Target	2320.2
Upside Intraday Target	2459.5
Upside Intraday Target	2250.55

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	2180.90	2293.60	2389.85	2180.90	0.617 times
03 Fri May 2024	2184.40	1887.00	2184.40	1887.00	1.915 times
26 Fri Apr 2024	1797.15	1677.50	1856.60	1677.50	2.149 times
19 Fri Apr 2024	1597.65	1400.00	1597.65	1390.00	1.637 times
12 Fri Apr 2024	1463.05	1454.95	1521.00	1436.00	0.485 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	2180.90	2080.40	2389.85	2055.00	1.219 times
30 Tue Apr 2024	1981.35	1349.00	1981.35	1335.00	1.456 times
28 Thu Mar 2024	1333.60	1322.00	1399.00	1149.00	0.872 times
29 Thu Feb 2024	1315.40	380.00	1554.90	378.00	0.581 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_BE)

Price action analysis of Shakti Pumps ( (SHAKTIPUMP_BE) ) 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_BE) ) 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_BE) ) 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 2087.66 and Shakti Pumps (SHAKTIPUMP_BE) 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_BE) stock. Volume based technical analysis of Shakti Pumps (SHAKTIPUMP_BE) 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.