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(SHANTIGEAR) Shanthi Gears complete technical analysis [charts+indicators] | Buy/Sell Shanthi Gears | (SHANTIGEAR) share price targets

Complete technical analysis of Shanthi Gears (SHANTIGEAR) by charts plus indicators, forecast predictions and share price targets for Shanthi Gears (SHANTIGEAR)

Shanthi Gears trades in NSE in Auto Parts & Equipment sector.

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Shanthi Gears is 30109

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	518.55	526.35	528.55	510.00	0.754 times
22 Thu Feb 2024	525.40	525.65	530.60	521.00	0.519 times
21 Wed Feb 2024	524.30	531.05	535.50	522.85	0.664 times
20 Tue Feb 2024	529.65	533.00	536.95	521.00	1.173 times
19 Mon Feb 2024	532.90	528.00	537.00	523.65	1.021 times
16 Fri Feb 2024	525.35	524.40	528.30	518.00	0.741 times
15 Thu Feb 2024	521.20	518.60	524.90	514.05	0.518 times
14 Wed Feb 2024	519.15	513.50	524.70	505.00	1.227 times
13 Tue Feb 2024	513.50	506.90	517.00	482.15	1.432 times
12 Mon Feb 2024	501.15	516.55	519.85	500.00	1.115 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 515.8 as stoploss in an intra day buy trade for a target of 528.35. However, stock will show a bearish move below 515.8.

Share price targets for Shanthi Gears (SHANTIGEAR)

Target Type	Value
Downside Target	401.25
Downside Target	450.00
Downside Target	475.75
Downside Target	505.65
Upside Target	525.10
Upside Target	544.80
Upside Target	545.00
Upside Target	551.95
Upside Target	565.00
Upside Target	578.00
Upside Target	623.75
Upside Target	644.40

Intraday share price targets for Shanthi Gears (SHANTIGEAR)

Target Type	Value
Downside Intraday Target	506.7
Downside Intraday Target	494.85
Upside Intraday Target	533.7
Upside Intraday Target	548.85
Upside Intraday Target	521.85

Weekly technical analysis of Shanthi Gears (SHANTIGEAR)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	518.55	528.00	537.00	510.00	0.821 times
16 Fri Feb 2024	525.35	516.55	528.30	482.15	0.942 times
09 Fri Feb 2024	513.95	542.90	545.00	505.65	0.466 times
02 Fri Feb 2024	536.95	556.90	565.00	525.10	1.794 times
25 Thu Jan 2024	554.15	564.90	578.00	534.55	0.906 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shanthi Gears (SHANTIGEAR)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	518.55	548.00	551.95	482.15	0.215 times
31 Wed Jan 2024	546.65	601.40	644.40	525.10	1.014 times
29 Fri Dec 2023	600.50	492.70	623.75	487.90	0.689 times
30 Thu Nov 2023	492.70	458.00	544.80	450.00	1.57 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shanthi Gears (SHANTIGEAR)

Price action analysis of Shanthi Gears ( (SHANTIGEAR) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shanthi Gears ( (SHANTIGEAR) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shanthi Gears ( (SHANTIGEAR) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shanthi Gears ( (SHANTIGEAR) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Shanthi Gears stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shanthi Gears in short term but the buy signal is initial and weak.

Shanthi Gears Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shanthi Gears in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shanthi Gears is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 520.25 and Shanthi Gears (SHANTIGEAR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Shanthi Gears (SHANTIGEAR) stock. Volume based technical analysis of Shanthi Gears (SHANTIGEAR) stock is negative.

Shanthi Gears Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.