johntradingwick

Shakti Pumps - A Good Case Study

NSE:SHAKTIPUMP   SHAKTI PUMPS INDIA
A Classic Wyckoff Accumulation Scenario.

Price ranged for nearly 6 months in the ~20% range.

There was a heavy buying imbalance (Demand) in mid-May that resulted in the price moving up ~40%, followed by a consolidation till now.

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

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.