SHAKTI PUMPS (I) LTD
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$ShaktiPump - Weekly chart analysis

371
After the breakout of the down trend line with volume support it tested the small resistance level (534-557) and closed above it. It's now consolidating in a tight range. A daily close above 598 levels with volume support would confirm the start on and uptrend and can test the upper resistance levels.

Disclaimer: This is just an analysis. Trade on your own risk with proper position sizing.
Not
the probable 1st target is achieved which is the resistance zone(708-789)
~20% gains yet.
Not
~44% move in 8 weeks
Not
50% gains in 15 weeks. Still no weakness.

Feragatname

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