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(GANGAFORGE_BE) Ganga Forging complete technical analysis [charts+indicators] | Buy/Sell Ganga Forging | (GANGAFORGE_BE) share price targets

Complete technical analysis of Ganga Forging (GANGAFORGE_BE) by charts plus indicators, forecast predictions and share price targets for Ganga Forging (GANGAFORGE_BE)

Showing technical analysis as on 2024-08-05 View latest technical analysis

10 day averaged volume of Ganga Forging is 968120

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	7.15	7.15	7.52	6.85	0.449 times
02 Fri Aug 2024	7.17	6.97	7.17	6.65	0.421 times
01 Thu Aug 2024	6.83	7.00	7.05	6.78	0.535 times
31 Wed Jul 2024	7.02	7.14	7.25	6.95	0.316 times
30 Tue Jul 2024	7.17	7.30	7.40	7.00	0.49 times
29 Mon Jul 2024	7.26	7.24	7.60	7.22	1.17 times
26 Fri Jul 2024	7.24	7.24	7.29	7.08	1.31 times
25 Thu Jul 2024	7.24	7.31	7.38	7.01	3.004 times
24 Wed Jul 2024	7.24	7.82	7.82	7.22	2.253 times
23 Tue Jul 2024	7.60	7.84	7.95	7.50	0.293 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7.2, but if it comes above 7.2, then a intra day buy could be more profitable.
If you take a sell trade below 7.2, then use 7.2 as stoploss and 6.8 as target. However if you take a buy trade in stock , then use 7.2 as stoploss and 7.49 as target.

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	6.65
Downside Target	6.85
Upside Target	7.30
Upside Target	7.95
Upside Target	8.00
Upside Target	8.05
Upside Target	8.20
Upside Target	8.44
Upside Target	8.75
Upside Target	10.50

Intraday share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Intraday Target	6.83
Downside Intraday Target	6.5
Upside Intraday Target	7.5
Upside Intraday Target	7.84
Upside Intraday Target	7.17

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	7.15	7.15	7.52	6.85	0.153 times
02 Fri Aug 2024	7.17	7.24	7.60	6.65	0.415 times
26 Fri Jul 2024	7.24	7.79	7.95	7.01	4.091 times
19 Fri Jul 2024	7.81	7.79	8.20	7.40	1.591 times
12 Fri Jul 2024	7.80	7.87	8.00	7.56	0.794 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 Ganga Forging (GANGAFORGE_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	7.15	7.00	7.52	6.65	0.106 times
31 Wed Jul 2024	7.02	7.70	8.20	6.95	2.084 times
28 Fri Jun 2024	7.74	8.00	8.44	7.30	0.914 times
31 Fri May 2024	7.65	8.05	8.75	7.40	1.314 times

Scroll below to view daily charts

Price has moved up 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 Ganga Forging (GANGAFORGE_BE)

Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) 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 Ganga Forging ( (GANGAFORGE_BE) ) 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 Ganga Forging ( (GANGAFORGE_BE) ) based on a mid to longer 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.

ADX buy sell signal for Ganga Forging stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Ganga Forging in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ganga Forging 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Ganga Forging in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ganga Forging is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.21 and Ganga Forging (GANGAFORGE_BE) 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 Ganga Forging (GANGAFORGE_BE) stock. Volume based technical analysis of Ganga Forging (GANGAFORGE_BE) stock is negative.

Ganga Forging Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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