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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 2024-07-24 View latest technical analysis

10 day averaged volume of Ganga Forging is 297599

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	7.24	7.82	7.82	7.22	7.33 times
23 Tue Jul 2024	7.60	7.84	7.95	7.50	0.953 times
22 Mon Jul 2024	7.70	7.79	7.89	7.55	0.672 times
19 Fri Jul 2024	7.81	7.60	7.90	7.60	0.587 times
18 Thu Jul 2024	7.80	8.10	8.20	7.55	1.492 times
16 Tue Jul 2024	7.85	7.48	7.85	7.40	1.759 times
15 Mon Jul 2024	7.48	7.79	7.79	7.45	1.781 times
12 Fri Jul 2024	7.80	7.56	7.85	7.56	0.713 times
11 Thu Jul 2024	7.88	7.86	7.99	7.80	0.683 times
10 Wed Jul 2024	7.86	8.00	8.00	7.70	0.905 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 7.4, for a target of 7.6 or 7.77

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	7.22
Upside Target	7.56
Upside Target	7.95
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	6.99
Downside Intraday Target	6.74
Upside Intraday Target	7.72
Upside Intraday Target	8.2
Upside Intraday Target	7.47

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	7.24	7.79	7.95	7.22	1.593 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
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

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
24 Wed Jul 2024	7.24	7.70	8.20	7.22	1.093 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 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.

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 gaining 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 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 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 7.52 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.