SHAKTI PUMPS (I) LTDPanjang
SHAKTI PUMPS FOR LEARNING PURPOSE ONLY
Shakti Pumps has recently broken out of a symmetrical triangle pattern, indicating a potential bullish trend. Given the increasing profit margins and the government's focus on the sector, the stock appears to have strong fundamentals.
Key Takeaways:
Technical Analysis: Symmetrical triangle breakout, coupled with increasing volume, suggests a positive trend.
Fundamental Analysis: Consistent quarterly profit growth and government support provide a solid foundation.
Potential Upside: A target price of ₹1500 within 6-12 months is achievable.
Caution:
While the stock offers significant upside potential, it's important to note that it's a small-cap company, which inherently carries higher risk.
Key Takeaways:
Technical Analysis: Symmetrical triangle breakout, coupled with increasing volume, suggests a positive trend.
Fundamental Analysis: Consistent quarterly profit growth and government support provide a solid foundation.
Potential Upside: A target price of ₹1500 within 6-12 months is achievable.
Caution:
While the stock offers significant upside potential, it's important to note that it's a small-cap company, which inherently carries higher risk.
Penafian
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