Is Shakti Pumps technically bullish or bearish?

Aug 08 2025 08:06 AM IST
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As of August 7, 2025, Shakti Pumps shows a mildly bullish trend based on daily moving averages, but caution is advised due to mixed signals from weekly MACD and Bollinger Bands.
As of 7 August 2025, the technical trend for Shakti Pumps has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating a bullish signal. However, the weekly MACD and Dow Theory remain mildly bearish, suggesting some caution. The Bollinger Bands show a mixed signal with a bearish stance on the weekly and mildly bullish on the monthly. Overall, while there are bullish indicators, the presence of bearish signals in multiple time frames indicates a lack of strong conviction in the bullish trend.
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