Shanthi Gears Limited Stock Forecast
Shanthi Gears Limited stock price up 0.557% on Friday
(Updated on May 17, 2024)
The Shanthi Gears Limited stock price gained 0.557% on the last trading day (Friday, 17th May 2024), rising from ₹565.15 to ₹568.30. During the last trading day the stock fluctuated 2.19% from a day low at ₹560.25 to a day high of ₹572.50. The price has been going up and down for this period, and there has been a 0.77% gain for the last 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 32 thousand shares were bought and sold for approximately ₹18.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.08% during the next 3 months and, with a 90% probability hold a price between ₹592.95 and ₹683.30 at the end of this 3-month period.
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SHANTIGEAR.NS Signals & Forecast
Mostly positive signals in the chart today. The Shanthi Gears Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹565.66 and ₹561.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 4.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Shanthi Gears Limited stock
Shanthi Gears Limited finds support from accumulated volume at ₹567.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹12.25 between high and low, or 2.19%. For the last week the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: ₹538.33 (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (SHANTIGEAR.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shanthi Gears Limited to open at ₹567.02, and during the day (based on 14 day Average True Range), to move between ₹550.89 and ₹585.71, which gives a possible trading interval of +/-₹17.41 (+/-3.06%) up or down from last closing price. If Shanthi Gears Limited takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹567.35 (0.17%) than the resistance at ₹571.15 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shanthi Gears Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shanthi Gears Limited stock to perform well in the short-term.
Current score: 3.257 Buy Candidate Unchanged
Predicted Opening Price for Shanthi Gears Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹567.02 ( 0.226%) | ₹568.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHANTIGEAR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 579.27 | 1.93 % | |
| R2 | 574.59 | 1.11 % | ||
| R1 | 571.70 | 0.598 % | ||
| Current price: | 568.30 | |||
| Support | S1 | 562.34 | -1.05 % | |
| S2 | 559.45 | -1.56 % | ||
| S3 | 554.77 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 581.20 | 2.27 % | |
| R2 | 573.75 | 0.96 % | ||
| R1 | 571.15 | 0.501 % | ||
| Current price | 568.30 | |||
| Support | S1 | 567.35 | -0.167% | |
| S2 | 556.05 | -2.16% | ||
| S3 | 553.85 | -2.54% |
SHANTIGEAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 19, 2024 | Jul 19, 2024 | Aug 28, 2024 | ₹2.00 | 0.352% |
| 2 | Feb 09, 2024 | Feb 09, 2024 | Feb 23, 2024 | ₹3.00 | 0.579% |
| 3 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ₹2.00 | 0.440% |
| 4 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ₹2.00 | 0.432% |
| 5 | Feb 08, 2023 | Feb 08, 2023 | Feb 08, 2023 | ₹3.00 | 0.89% |
FAQ
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