SHAKTI PUMPS (I) LTD
Panjang

Shakti Pumps - Possible Breakout scenario

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Key highlights:

⚡️ Bullish market structure - clear formation of Higher highs and higher lows.
⚡️ Inverse Head & Shoulders pattern.
⚡️ Attempting to reclaim the flip level.
⚡️ Any pullback towards the 450 zones seems like a buying opportunity until and unless the price closes below the 450 level, decisively with good volume.
⚡️ The long target is 700 and higher.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
Community Manager (India), TradingView

Penafian

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