Is Shakti Pumps technically bullish or bearish?
As of June 20, 2025, the technical trend has shifted to bullish, supported by strong indicators like a bullish MACD and moving averages, despite a slight divergence from the KST, with recent price action showing positive momentum.
As of 20 June 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and moving averages on the daily are also bullish. Bollinger Bands indicate a bullish stance on the monthly and mildly bullish on the weekly. However, the KST is bearish on the weekly and mildly bearish on the monthly, which presents a slight divergence. The Dow Theory shows a mildly bullish trend in both weekly and monthly assessments, while the OBV is mildly bullish across both time frames. Overall, the bullish momentum is reinforced by the recent price action, with today's high at 982.20 and a previous close of 953.80, indicating positive movement.
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