Shaktipump. Breakout and Retest done. Watch for follow through.
Breakout Alert: Price breaking out of a long consolidation range and retested..
Current Price: ₹1015.45, showing strong momentum.
SL at ₹828.10.
Moving Averages:
30 SMA at ₹836.48 (acting as dynamic support).
200 SMA far below, indicating a long-term bullish trend.
Volume Surge: Bullish breakout confirmed with higher volumes.
Trend Outlook: Potential upside as breakout gains strength; watch for follow-through and plan the trade. The market is still weak so be cautious and position size accordingly.
Current Price: ₹1015.45, showing strong momentum.
SL at ₹828.10.
Moving Averages:
30 SMA at ₹836.48 (acting as dynamic support).
200 SMA far below, indicating a long-term bullish trend.
Volume Surge: Bullish breakout confirmed with higher volumes.
Trend Outlook: Potential upside as breakout gains strength; watch for follow-through and plan the trade. The market is still weak so be cautious and position size accordingly.
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