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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 2024-02-21 View latest technical analysis

10 day averaged volume of Shanthi Gears is 31130

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	524.30	531.05	535.50	522.85	0.642 times
20 Tue Feb 2024	529.65	533.00	536.95	521.00	1.134 times
19 Mon Feb 2024	532.90	528.00	537.00	523.65	0.987 times
16 Fri Feb 2024	525.35	524.40	528.30	518.00	0.717 times
15 Thu Feb 2024	521.20	518.60	524.90	514.05	0.501 times
14 Wed Feb 2024	519.15	513.50	524.70	505.00	1.186 times
13 Tue Feb 2024	513.50	506.90	517.00	482.15	1.385 times
12 Mon Feb 2024	501.15	516.55	519.85	500.00	1.078 times
09 Fri Feb 2024	513.95	528.30	529.30	505.65	1.539 times
08 Thu Feb 2024	525.65	532.50	535.65	521.25	0.601 times

My analysis of stock is bearish for shortterm, and stock might move down till 517.2 or till 500.7. Use a stoploss of 531.05 and if the stock hits stoploss, then it can shoot up till 544.85

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
Downside Target	521.00
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	517.87
Downside Intraday Target	511.43
Upside Intraday Target	533.87
Upside Intraday Target	543.43
Upside Intraday Target	527.43

Weekly technical analysis of Shanthi Gears (SHANTIGEAR)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	524.30	528.00	537.00	521.00	0.568 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
21 Wed Feb 2024	524.30	548.00	551.95	482.15	0.199 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shanthi Gears Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 519.45 and Shanthi Gears (SHANTIGEAR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

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 has given negative 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.