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 2024-08-16 View latest technical analysis

10 day averaged volume of Ganga Forging is 268174

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	6.95	7.03	7.18	6.75	0.89 times
14 Wed Aug 2024	7.03	7.14	7.22	7.00	0.516 times
13 Tue Aug 2024	7.14	7.22	7.24	7.01	0.443 times
12 Mon Aug 2024	7.19	7.07	7.25	6.95	0.764 times
09 Fri Aug 2024	7.00	7.39	7.46	6.90	1 times
08 Thu Aug 2024	7.11	7.25	7.25	7.01	0.292 times
07 Wed Aug 2024	7.23	6.99	7.26	6.75	0.703 times
06 Tue Aug 2024	6.98	7.24	7.40	6.89	1.209 times
05 Mon Aug 2024	7.15	7.15	7.52	6.85	1.62 times
02 Fri Aug 2024	7.17	6.97	7.17	6.65	1.521 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 6.7 as target. However if you take a buy trade in stock , then use 7 as stoploss and 7.2 as target.

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	6.65
Downside Target	6.95
Upside Target	7.25
Upside Target	7.60
Upside Target	7.95
Upside Target	8.05
Upside Target	8.20
Upside Target	8.44
Upside Target	8.75
Upside Target	10.50

Intraday share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Intraday Target	6.72
Downside Intraday Target	6.48
Upside Intraday Target	7.22
Upside Intraday Target	7.48
Upside Intraday Target	6.98

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	6.95	7.07	7.25	6.75	0.542 times
09 Fri Aug 2024	7.00	7.15	7.52	6.75	0.456 times
02 Fri Aug 2024	7.17	7.24	7.60	6.65	0.415 times
26 Fri Jul 2024	7.24	7.79	7.95	7.01	4.091 times
19 Fri Jul 2024	7.81	7.79	8.20	7.40	1.591 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
16 Fri Aug 2024	6.95	7.00	7.52	6.65	0.228 times
31 Wed Jul 2024	7.02	7.70	8.20	6.95	2.084 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

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 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 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 BUY signal for Ganga Forging in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 BUY signal in short term and the buying is gaining 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 7.09 and Ganga Forging (GANGAFORGE_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.