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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 2024-08-09 View latest technical analysis

10 day averaged volume of Shanthi Gears is 51554

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	598.60	597.70	603.00	580.00	0.656 times
08 Thu Aug 2024	594.70	598.45	603.75	593.00	0.405 times
07 Wed Aug 2024	597.25	600.15	606.50	592.55	0.377 times
06 Tue Aug 2024	591.95	586.00	604.85	586.00	1.41 times
05 Mon Aug 2024	591.10	617.00	617.00	585.00	1.124 times
02 Fri Aug 2024	620.95	625.85	631.80	615.00	0.764 times
01 Thu Aug 2024	629.60	644.30	647.15	624.10	0.567 times
31 Wed Jul 2024	640.95	653.30	665.00	632.10	1.095 times
30 Tue Jul 2024	645.65	651.00	654.05	642.55	0.631 times
29 Mon Jul 2024	645.20	657.45	658.45	637.10	3.208 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 608, but if it comes above 608, then a intra day buy could be more profitable.
If you take a sell trade below 608, then use 608 as stoploss and 576.6 as target. However if you take a buy trade in stock , then use 608 as stoploss and 634.23 as target.

Share price targets for Shanthi Gears (SHANTIGEAR)

Target Type	Value
Downside Target	486.45
Downside Target	516.35
Downside Target	536.10
Downside Target	580.00
Downside Target	595.50
Upside Target	636.35
Upside Target	647.15
Upside Target	665.00
Upside Target	673.70
Upside Target	699.40
Upside Target	703.00

Intraday share price targets for Shanthi Gears (SHANTIGEAR)

Target Type	Value
Downside Intraday Target	580.07
Downside Intraday Target	561.53
Upside Intraday Target	617.07
Upside Intraday Target	635.53
Downside Intraday Target	598.53

Weekly technical analysis of Shanthi Gears (SHANTIGEAR)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	598.60	617.00	617.00	580.00	0.634 times
02 Fri Aug 2024	620.95	657.45	665.00	615.00	0.985 times
26 Fri Jul 2024	649.75	646.30	673.70	618.75	0.851 times
19 Fri Jul 2024	643.50	666.00	699.40	636.35	0.387 times
12 Fri Jul 2024	665.40	633.00	703.00	611.85	1.515 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
09 Fri Aug 2024	598.60	644.30	647.15	580.00	0.104 times
31 Wed Jul 2024	640.95	641.20	703.00	602.00	2.753 times
28 Fri Jun 2024	590.70	545.00	595.50	486.45	0.708 times
31 Fri May 2024	521.90	567.10	582.40	516.35	1.243 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 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 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 SELL signal for Shanthi Gears in short term but the sell signal is initial and weak.

Shanthi Gears Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 622.07 and Shanthi Gears (SHANTIGEAR) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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