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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)

Showing technical analysis as on 2024-03-07 View latest technical analysis

10 day averaged volume of Shakti Pumps is 30582

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	1274.20	1252.00	1280.00	1252.00	1.126 times
06 Wed Mar 2024	1278.55	1313.00	1313.00	1252.00	0.91 times
05 Tue Mar 2024	1310.85	1333.00	1338.80	1280.00	0.956 times
04 Mon Mar 2024	1327.45	1348.20	1348.20	1315.20	0.486 times
02 Sat Mar 2024	1336.20	1359.95	1365.00	1310.00	0.161 times
01 Fri Mar 2024	1332.25	1322.00	1362.00	1311.00	0.939 times
29 Thu Feb 2024	1315.40	1340.00	1363.00	1300.00	0.585 times
28 Wed Feb 2024	1337.75	1364.95	1372.50	1311.25	1.017 times
27 Tue Feb 2024	1367.15	1358.95	1400.00	1293.95	1.663 times
26 Mon Feb 2024	1349.80	1399.95	1419.90	1336.00	1.63 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1313.5, but if it comes above 1313.5, then a intra day buy could be more profitable.
If you take a sell trade below 1313.5, then use 1313.5 as stoploss and 1225.6 as target. However if you take a buy trade in stock , then use 1313.5 as stoploss and 1386.84 as target.

Share price targets for Shakti Pumps (SHAKTIPUMP_BE)

Target Type	Value
Downside Target	210.05
Downside Target	231.00
Downside Target	240.00
Downside Target	296.00
Downside Target	309.90
Downside Target	378.00
Downside Target	409.80
Downside Target	1252.00
Upside Target	1293.95
Upside Target	1330.10
Upside Target	1399.90
Upside Target	1510.00
Upside Target	1524.90
Upside Target	1554.90

Intraday share price targets for Shakti Pumps (SHAKTIPUMP_BE)

Target Type	Value
Downside Intraday Target	1234.73
Downside Intraday Target	1195.27
Upside Intraday Target	1330.93
Upside Intraday Target	1387.67
Upside Intraday Target	1291.47

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	1274.20	1348.20	1348.20	1252.00	0.58 times
02 Sat Mar 2024	1336.20	1399.95	1419.90	1293.95	0.757 times
23 Fri Feb 2024	1381.00	1481.65	1554.90	1330.10	1.725 times
16 Fri Feb 2024	1481.65	1466.00	1524.90	1399.90	1.075 times
09 Fri Feb 2024	1466.00	380.00	1510.00	378.00	1.148 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
07 Thu Mar 2024	1274.20	1322.00	1365.00	1252.00	0.211 times
29 Thu Feb 2024	1315.40	380.00	1554.90	378.00	0.581 times
29 Fri Jan 2021	377.10	297.10	409.80	296.00	1.021 times
31 Thu Dec 2020	296.80	248.00	309.90	231.00	1.843 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_BE)

Price action analysis of Shakti Pumps ( (SHAKTIPUMP_BE) ) 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_BE) ) based on a short to mid 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_BE) ) based on a mid to longer 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.

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 SELL signal for Shakti Pumps in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 1326.55 and Shakti Pumps (SHAKTIPUMP_BE) 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_BE) stock. Volume based technical analysis of Shakti Pumps (SHAKTIPUMP_BE) 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.