SHAKTI PUMPS (I) LTD
Long
Aggiornato

$ShaktiPump - Weekly chart analysis

369
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.
Nota
the probable 1st target is achieved which is the resistance zone(708-789)
~20% gains yet.
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~44% move in 8 weeks
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50% gains in 15 weeks. Still no weakness.

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