Shakti Pumps (India) Limited is showing a breakout past inverse head and shoulders formation and has broken past resistance at 430 levels. The stock is agricultural based economy stock and its fortune is dependent on the agricultural growth and monsoon in the country.
The stock can be held for medium to long term with a stop loss as Rs 430-400 and stock can target levels of 475-500-600 & higher levels. Have a look at stock chart below and take time to check the latest
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