Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-04-26 View latest technical analysis

10 day averaged volume of Ganga Forging is 175098

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	8.35	8.35	8.35	8.35	0.933 times
25 Thu Apr 2024	8.35	8.30	8.35	8.30	1.371 times
24 Wed Apr 2024	8.45	8.45	8.45	8.45	0.696 times
23 Tue Apr 2024	8.60	8.60	8.60	8.60	3.36 times
22 Mon Apr 2024	8.75	8.75	8.75	8.75	1.861 times
19 Fri Apr 2024	8.90	8.90	8.90	8.90	0.447 times
18 Thu Apr 2024	9.05	9.05	9.05	9.05	0.606 times
16 Tue Apr 2024	9.20	9.20	9.20	9.20	0.669 times
15 Mon Apr 2024	9.35	9.35	9.35	9.35	0.257 times
12 Fri Apr 2024	9.50	9.50	9.50	9.50	0.458 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.6, but if it comes above 8.6, then a intra day buy could be more profitable.
If you take a sell trade below 8.6, then use 8.6 as stoploss and 7.8 as target. However if you take a buy trade in stock , then use 8.6 as stoploss and 9.24 as target.

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	5.90
Downside Target	6.25
Downside Target	7.85
Downside Target	8.20
Upside Target	8.75
Upside Target	9.35
Upside Target	10.10
Upside Target	10.50
Upside Target	12.15
Upside Target	12.40
Upside Target	15.20
Upside Target	17.50

Intraday share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Intraday Target	8.18
Downside Intraday Target	8.02
Upside Intraday Target	8.63
Upside Intraday Target	8.92
Upside Intraday Target	8.47

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	8.35	8.75	8.75	8.30	4.152 times
19 Fri Apr 2024	8.90	9.35	9.35	8.90	1.493 times
12 Fri Apr 2024	9.50	10.10	10.10	9.50	0.093 times
05 Fri Apr 2024	10.30	9.05	10.50	8.90	0.765 times
28 Thu Mar 2024	8.70	8.70	8.90	8.20	0.568 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	8.35	9.05	10.50	8.30	0.396 times
28 Thu Mar 2024	8.70	12.15	12.15	8.20	1.606 times
29 Thu Feb 2024	12.40	15.95	17.50	12.40	0.192 times
31 Wed Jan 2024	15.20	6.50	15.20	6.25	1.106 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_BE)

Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) 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 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 8.69 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.