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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 2024-02-01 View latest technical analysis

10 day averaged volume of Shakti Pumps is 383149

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	1459.95	1495.00	1515.80	1429.85	0.569 times
31 Wed Jan 2024	1478.30	1470.00	1523.30	1412.15	1.253 times
30 Tue Jan 2024	1471.55	1370.00	1525.30	1355.45	4.005 times
29 Mon Jan 2024	1271.10	1271.10	1271.10	1221.55	1.763 times
25 Thu Jan 2024	1059.25	1069.90	1115.00	1052.00	0.338 times
24 Wed Jan 2024	1059.80	1066.00	1105.00	1050.30	0.272 times
23 Tue Jan 2024	1066.65	1115.00	1150.05	1056.00	0.314 times
22 Mon Jan 2024	1120.20	1135.00	1144.90	1111.00	0.132 times
19 Fri Jan 2024	1136.80	1164.65	1168.70	1122.00	0.246 times
18 Thu Jan 2024	1150.90	1108.80	1187.75	1101.00	1.013 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 1468.2, for a target of 1293.8 or 1148.48

Share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Target	843.55
Downside Target	928.95
Downside Target	989.75
Downside Target	1047.00
Downside Target	1093.95
Downside Target	1128.00
Downside Target	1187.75
Downside Target	1221.55
Downside Target	1224.65
Downside Target	1429.85
Upside Target	1515.80
Upside Target	1525.30

Intraday share price targets for Shakti Pumps (SHAKTIPUMP)

Target Type	Value
Downside Intraday Target	1279.23
Downside Intraday Target	1098.52
Upside Intraday Target	1582.98
Upside Intraday Target	1706.02
Downside Intraday Target	1402.27

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	1459.95	1271.10	1525.30	1221.55	7.19 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
05 Fri Jan 2024	1013.80	1032.90	1047.00	989.75	0.46 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
01 Thu Feb 2024	1459.95	1495.00	1515.80	1429.85	0.04 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 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 1352.06 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.