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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 2024-10-24 View latest technical analysis

10 day averaged volume of Ganga Forging is 435942

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	6.59	6.56	6.63	6.23	1.242 times
23 Wed Oct 2024	6.56	6.62	6.68	6.40	0.629 times
22 Tue Oct 2024	6.56	6.90	6.90	6.54	0.852 times
21 Mon Oct 2024	6.89	7.07	7.18	6.71	1.745 times
18 Fri Oct 2024	7.07	7.33	7.40	7.00	3.057 times
17 Thu Oct 2024	7.37	7.38	7.62	7.33	0.317 times
16 Wed Oct 2024	7.47	7.61	7.77	7.40	0.411 times
15 Tue Oct 2024	7.61	7.80	8.01	7.44	0.672 times
14 Mon Oct 2024	7.76	7.80	7.95	7.70	0.501 times
11 Fri Oct 2024	7.80	8.07	8.23	7.70	0.487 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, but if it comes above 7, then a intra day buy could be more profitable.
If you take a sell trade below 7, then use 7 as stoploss and 6.4 as target. However if you take a buy trade in stock , then use 7 as stoploss and 7.5 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	6.23
Upside Target	6.93
Upside Target	7.18
Upside Target	7.61
Upside Target	8.01
Upside Target	8.23
Upside Target	8.26
Upside Target	8.85
Upside Target	9.39
Upside Target	9.73

Intraday share price targets for Ganga Forging (GANGAFORGE)

Target Type	Value
Downside Intraday Target	6.15
Downside Intraday Target	5.72
Upside Intraday Target	7.1
Upside Intraday Target	7.62
Upside Intraday Target	6.67

Weekly technical analysis of Ganga Forging (GANGAFORGE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	6.59	7.07	7.18	6.23	0.901 times
18 Fri Oct 2024	7.07	7.80	8.01	7.00	1.332 times
11 Fri Oct 2024	7.80	7.85	8.23	6.93	1.036 times
04 Fri Oct 2024	7.68	8.26	8.26	7.31	0.698 times
27 Fri Sep 2024	8.16	8.66	8.85	8.10	0.297 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
24 Thu Oct 2024	6.59	8.13	8.23	6.23	0.398 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

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 moving up

CCI has generated a SELL signal for Ganga Forging in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.04 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 negative.

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