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Stock analysis Shanthi Gears Limited SHANTIGEAR

More indepth analysis on MunafaSutra.com

Moving Averages for Shanthi Gears Limited

  • 5Day Average: 539.05
  • 12Day Average: 514.1
  • 20Day Average: 516.62
  • 50Day Average: 526.9
  • 100Day Average: 525.66
  • 150Day Average: 503.78
  • 200Day Average: 492.4

SHANTIGEAR Indicators & signals

Indicator MACD (12,26,9)

524.09, 521.22, -3.49
Indicator MACD is in positive zone

Indicator ADX (14)

0.44, 19.23, 19.06
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHANTIGEAR Shanthi Gears Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 554.05 528.45 to 561.00 4.64% 1.14 times
27 Wed Mar 2024 529.50 525.00 to 564.00 -3.81% 1.54 times
26 Tue Mar 2024 550.50 543.95 to 564.75 -0.6% 1.31 times
22 Fri Mar 2024 553.85 512.90 to 559.40 9.17% 4.92 times
21 Thu Mar 2024 507.35 488.80 to 529.50 4.32% 0.32 times
20 Wed Mar 2024 486.35 481.40 to 497.85 -1.23% 0.18 times
19 Tue Mar 2024 492.40 490.00 to 500.95 -0.69% 0.12 times
18 Mon Mar 2024 495.80 479.75 to 500.05 1.88% 0.23 times
15 Fri Mar 2024 486.65 482.25 to 498.80 -1.64% 0.25 times
14 Thu Mar 2024 494.75 473.30 to 508.15 0.14% 0.44 times
13 Wed Mar 2024 494.05 487.00 to 528.80 -5.71% 0.68 times
12 Tue Mar 2024 523.95 501.00 to 530.00 1.78% 0.59 times

Technical analysis forecast of Shanthi Gears Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Shanthi Gears Limited SHANTIGEAR at this time. Stock is rising and might rise more.

It appears as if Shanthi Gears Limited SHANTIGEAR gave a large move recently.

Stock of Shanthi Gears Limited (SHANTIGEAR) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Shanthi Gears Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Shanthi Gears Limited stays above 541.6, but if it comes below 541.6, then a intra day sell could be more profitable.
If you take a sell trade below 541.6, then use 541.6 as stoploss and 521.04 as target. However if you take a buy trade in Shanthi Gears Limited, then use 541.6 as stoploss and 566.2 as target.

More indepth analysis on MunafaSutra.com