Shakti Pump aiming for a base breakout.

#positionalidea #shaktipump:

Looks good positionally if it breaks out of the base. Watch for base/Darvas box breakout for long opportunity.

🟢Trading above 50 DMA
🟢Good Relative Strength
🟢Good ROCE, ROE

🔴Circuit stock. Tends to hit UC/LC.
🔴Volume Needs improvement.

This is just a view and not a recommendation. Trade at your discretion.

➡️Market Cap---₹ 9,757 Cr.
➡️Current Price---₹ 4,870
➡️Stock P/E---29.7
➡️ROCE---31.4 %
➡️ROE---24.2 %