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Price and trend forecast of SHANTIGEAR for Tomorrow, Weekly, Monthly

Shanthi Gears Limited

Symbol: NSE:SHANTIGEAR

ISIN: INE631A01022

568.30

As on 2024-05-17

397.05 (52W Low) 644.40 (52W High)

SHANTIGEAR's Today's Performance

Shanthi Gears Limited started the day by opening at 566.90 today 2024-05-17. Its shares reached a high of 572.50 and dipped to a low of 560.25 in intraday. When the markets closed, SHANTIGEAR’s stock price settled at ₹568.30 per share. Also check out its key support and resistance levels.

SHANTIGEAR Buy/Sell Targets

Tomorrow, buy SHANTIGEAR when its price reaches ₹ 568.30 with a stop-loss order at ₹ 560.13. You can set the target price as ₹ 576.47 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SHANTIGEAR for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for SHANTIGEAR

Downside Targets Value in ₹
Tomorrow Down Target 1 574
Tomorrow Down Target 2 579
Tomorrow Down Target 3 586

Important Levels for SHANTIGEAR

Holding Levels Value in ₹
Tomorrow Up Target 1 562
Tomorrow Up Target 2 555
Tomorrow Up Target 3 549
Based on where the stock opens tomorrow, if SHANTIGEAR opens on a positive note, our first target will be ₹574. If Target 1 is achieved, we will aim for Target 2 which is ₹579.

But if SHANTIGEAR falls below the average value of ₹567.02, you can enter a sell side position with target number 1 - ₹562 and second target - ₹555 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SHANTIGEAR

Looking at SHANTIGEAR, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SHANTIGEAR has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SHANTIGEAR is unclear.

Tomorrow's Volume based share price Forecast for SHANTIGEAR

SHANTIGEAR's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a unclear trend. Volume trend strength over the last month compared to the last week is 0%.

Reversal detection for SHANTIGEAR

Predicted trend chart of SHANTIGEAR tomorrow for price forecast
SHANTIGEAR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹569 in morning tomorrow
Target 1 tomorrow572
Target 2 tomorrow575
Target 3 tomorrow579
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SHANTIGEAR's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SHANTIGEAR opens on a positive note, our first target will be ₹573.78. If Target 1 is achieved, we will aim for Target 2 which is ₹579.27.

But if SHANTIGEAR falls below the average value of ₹567.02, you can enter a sell side position with target number 1 - ₹561.53 and second target - ₹554.77

SHANTIGEAR's Weekly Targets
1st Up Target 581.13
2nd Up Target 593.97
1st Down Target 556.73
2nd Down Target 545.17

As the week for SHANTIGEAR ended on bearish sentiments, we can expect further continuation of this sentiment. SHANTIGEAR's initial target will be 581.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 556.73 in the upcoming week.

Weekly OHLC Values
Open 575.85
High 582.40
Low 558.00
Close 568.30

Week for SHANTIGEAR started with an open price of 575.85, and the close was at 568.30. SHANTIGEAR reached the highest of 582.40 and dipped lowest up to 558.00 last week. This indicates a bearish sentiment for the week.

SHANTIGEAR full month swing targets
Monthly Up Target 1 605.53
Monthly Up Target 2 618.37
Monthly Down Target 1 532.33
Monthly Down Target 2 496.37

Targets of ₹605.53 can be expected to be reached in the coming month. Once SHANTIGEAR achieved this target, we can aim for the next upside target of ₹618.37.

SHANTIGEAR if fails to hold upside, down targets of ₹532.33 and ₹496.37 can be achieved by end of this month.

For complete three weeks if SHANTIGEAR is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

SHANTIGEAR is expected to reach the target of 573.78 in tomorrow's trading session.

After achieving the initial target in SHANTIGEAR, we will aim for higher targets of 579.27 tomorrow.

However, if SHANTIGEAR starts to trade below ₹567.02, then we will shift our focus to the sell side and aim for down targets of 561.53 and 554.77.