Shanthi Gears Limited (
SHANTIGEAR) on the 1-hour timeframe is currently trading at 464.25 (+19.99%), surging sharply out of a multi-week consolidation base near 390.00 – 400.00. The stock has locked into an upper circuit zone with heavy momentum.
Immediate Demand / Value Zone (460.60 – 464.25): Current consolidation zone holding the breakout momentum.
Primary Demand Base (390.00 – 400.00): Major structural demand zone from where the vertical rally originated.
Stop-Loss / Invalidation Level (440.45): Marked directly below the breakout bar structure to guard against a deep pull-back.
Sequential Overhead Resistance Targets:
Target 1: 488.85 (Immediate Overhead Resistance Band)
Target 2: 523.15 (Intermediate Pivot Target)
Major Target: 540.80 (Upper Supply & Target Level)
Trade Plan:
Continuation momentum remains intact as long as price holds above the 440.45 stop-loss level. Watch for consolidation around the 460.60 level or a minor retest to build long positions targeting 488.85 and 523.15+.
SHANTIGEAR) on the 1-hour timeframe is currently trading at 464.25 (+19.99%), surging sharply out of a multi-week consolidation base near 390.00 – 400.00. The stock has locked into an upper circuit zone with heavy momentum.Immediate Demand / Value Zone (460.60 – 464.25): Current consolidation zone holding the breakout momentum.
Primary Demand Base (390.00 – 400.00): Major structural demand zone from where the vertical rally originated.
Stop-Loss / Invalidation Level (440.45): Marked directly below the breakout bar structure to guard against a deep pull-back.
Sequential Overhead Resistance Targets:
Target 1: 488.85 (Immediate Overhead Resistance Band)
Target 2: 523.15 (Intermediate Pivot Target)
Major Target: 540.80 (Upper Supply & Target Level)
Trade Plan:
Continuation momentum remains intact as long as price holds above the 440.45 stop-loss level. Watch for consolidation around the 460.60 level or a minor retest to build long positions targeting 488.85 and 523.15+.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.