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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 2024-09-20 View latest technical analysis

10 day averaged volume of Shakti Pumps is 37233

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	4073.10	4000.05	4149.90	3960.00	1.324 times
19 Thu Sep 2024	4055.20	4205.95	4280.00	3996.65	1.359 times
18 Wed Sep 2024	4207.00	4291.95	4315.00	4193.00	0.761 times
17 Tue Sep 2024	4292.10	4290.00	4314.95	4200.00	0.878 times
16 Mon Sep 2024	4290.10	4307.00	4349.00	4191.00	1.396 times
13 Fri Sep 2024	4306.50	4310.00	4348.00	4250.00	0.693 times
06 Fri Sep 2024	4410.45	4414.00	4455.30	4351.00	0.865 times
05 Thu Sep 2024	4364.85	4457.55	4490.00	4350.00	0.954 times
04 Wed Sep 2024	4457.55	4373.10	4489.95	4345.00	0.846 times
03 Tue Sep 2024	4424.00	4490.50	4520.00	4301.00	1.038 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4083, for a target of 4236.1 or 4363.7

Share price targets for Shakti Pumps (SHAKTIPUMP_BE)

Target Type	Value
Downside Target	2010.00
Downside Target	2389.85
Downside Target	2441.00
Downside Target	3664.70
Downside Target	3847.90
Downside Target	3960.00
Upside Target	4180.00
Upside Target	4549.00
Upside Target	4550.00
Upside Target	4603.30
Upside Target	4739.00
Upside Target	4829.00

Intraday share price targets for Shakti Pumps (SHAKTIPUMP_BE)

Target Type	Value
Downside Intraday Target	3905.73
Downside Intraday Target	3738.37
Upside Intraday Target	4294.73
Upside Intraday Target	4516.37
Upside Intraday Target	4127.37

Weekly technical analysis of Shakti Pumps (SHAKTIPUMP_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	4073.10	4307.00	4349.00	3960.00	8.258 times
13 Fri Sep 2024	4306.50	4310.00	4348.00	4250.00	0.141 times
06 Fri Sep 2024	4410.45	4499.00	4603.30	4301.00	0.558 times
30 Fri Aug 2024	4471.65	4499.00	4549.00	4180.00	1.531 times
23 Fri Aug 2024	4453.35	4518.00	4550.00	4300.00	0.928 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shakti Pumps (SHAKTIPUMP_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	4073.10	4499.00	4603.30	3960.00	0.482 times
30 Fri Aug 2024	4471.65	4659.50	4829.00	4180.00	0.355 times
26 Fri Jul 2024	4424.70	3847.90	4739.00	3847.90	1.518 times
28 Fri Jun 2024	3664.70	2475.00	3664.70	2441.00	1.371 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 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 SELL. Signal strength is Strong 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Shakti Pumps in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 4270.25 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.