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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 2024-07-15 View latest technical analysis

10 day averaged volume of Ganga Forging is 237520

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	7.48	7.79	7.79	7.45	2.232 times
12 Fri Jul 2024	7.80	7.56	7.85	7.56	0.894 times
11 Thu Jul 2024	7.88	7.86	7.99	7.80	0.856 times
10 Wed Jul 2024	7.86	8.00	8.00	7.70	1.134 times
09 Tue Jul 2024	7.81	7.80	7.95	7.65	0.567 times
08 Mon Jul 2024	7.80	7.87	7.90	7.70	0.974 times
05 Fri Jul 2024	7.87	7.75	7.99	7.75	0.971 times
04 Thu Jul 2024	7.75	7.97	8.00	7.72	1.307 times
03 Wed Jul 2024	7.81	7.98	8.05	7.72	1.356 times
02 Tue Jul 2024	7.91	7.87	8.10	7.70	0.808 times

Stock of Ganga Forging (GANGAFORGE_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 7.6, for a target of 7.7 or 7.88

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	7.30
Upside Target	7.79
Upside Target	8.00
Upside Target	8.10
Upside Target	8.19
Upside Target	8.20
Upside Target	8.44
Upside Target	8.75
Upside Target	10.50
Upside Target	12.15

Intraday share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Intraday Target	7.36
Downside Intraday Target	7.23
Upside Intraday Target	7.7
Upside Intraday Target	7.91
Upside Intraday Target	7.57

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	7.48	7.79	7.79	7.45	0.504 times
12 Fri Jul 2024	7.80	7.87	8.00	7.56	0.794 times
05 Fri Jul 2024	7.87	7.70	8.10	7.40	0.92 times
28 Fri Jun 2024	7.74	8.00	8.19	7.60	1.063 times
21 Fri Jun 2024	8.10	7.85	8.20	7.55	0.749 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
15 Mon Jul 2024	7.48	7.70	8.10	7.40	0.473 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
30 Tue Apr 2024	8.05	9.05	10.50	8.05	0.45 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

Ganga Forging Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term and selling is picking up 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 7.76 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.