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

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

Showing technical analysis as on 2024-10-01 View latest technical analysis

10 day averaged volume of Ganga Forging is 980693

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	8.11	8.13	8.14	8.01	0.205 times
30 Mon Sep 2024	7.97	8.26	8.26	7.78	0.432 times
27 Fri Sep 2024	8.16	8.22	8.50	8.12	0.249 times
26 Thu Sep 2024	8.35	8.27	8.46	8.25	0.161 times
25 Wed Sep 2024	8.26	8.67	8.69	8.21	0.299 times
24 Tue Sep 2024	8.51	8.45	8.65	8.11	0.483 times
23 Mon Sep 2024	8.26	8.66	8.85	8.10	1.095 times
20 Fri Sep 2024	8.53	9.15	9.27	8.52	1.885 times
19 Thu Sep 2024	8.97	8.61	8.97	8.12	4.412 times
18 Wed Sep 2024	8.55	8.99	8.99	8.50	0.506 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.2, but if it comes above 8.2, then a intra day buy could be more profitable.
If you take a sell trade below 8.2, then use 8.2 as stoploss and 7.8 as target. However if you take a buy trade in stock , then use 8.2 as stoploss and 8.56 as target.

Share price targets for Ganga Forging (GANGAFORGE)

Target Type	Value
Downside Target	3.45
Downside Target	3.70
Downside Target	4.00
Downside Target	6.95
Downside Target	7.30
Downside Target	7.61
Downside Target	7.78
Downside Target	8.01
Upside Target	8.60
Upside Target	8.85
Upside Target	8.98
Upside Target	9.27
Upside Target	9.39
Upside Target	9.73

Intraday share price targets for Ganga Forging (GANGAFORGE)

Target Type	Value
Downside Intraday Target	7.84
Downside Intraday Target	7.57
Upside Intraday Target	8.32
Upside Intraday Target	8.53
Downside Intraday Target	8.05

Weekly technical analysis of Ganga Forging (GANGAFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	8.11	8.26	8.26	7.78	0.278 times
27 Fri Sep 2024	8.16	8.66	8.85	8.10	0.297 times
20 Fri Sep 2024	8.53	8.67	9.27	8.12	2.028 times
13 Fri Sep 2024	8.84	9.09	9.39	8.60	1.115 times
06 Fri Sep 2024	8.98	8.50	8.98	7.61	0.395 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)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	8.11	8.13	8.14	8.01	0.012 times
30 Mon Sep 2024	7.97	8.50	9.39	7.61	1.329 times
30 Fri Aug 2024	8.63	7.09	9.73	6.95	0.447 times
08 Thu Jun 2023	7.10	3.70	7.30	3.70	10.25 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)

Price action analysis of Ganga Forging ( (GANGAFORGE) ) 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) ) 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) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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 green color and prices are in or below the green cloud Prices appear to be moving up

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 but buying is losing 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 8.64 and Ganga Forging (GANGAFORGE) 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) stock. Volume based technical analysis of Ganga Forging (GANGAFORGE) stock is negative.

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

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