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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 2024-12-16 View latest technical analysis

10 day averaged volume of Ganga Forging is 463692

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	7.07	7.30	7.36	7.05	1.559 times
13 Fri Dec 2024	7.37	6.99	7.39	6.70	2.871 times
12 Thu Dec 2024	7.04	7.30	7.31	6.94	0.718 times
11 Wed Dec 2024	7.31	7.25	7.50	7.12	0.375 times
10 Tue Dec 2024	7.32	7.37	7.40	7.00	0.616 times
09 Mon Dec 2024	7.30	7.47	7.54	7.20	0.752 times
06 Fri Dec 2024	7.47	7.07	7.53	7.07	0.36 times
05 Thu Dec 2024	7.38	7.53	7.79	7.30	0.804 times
04 Wed Dec 2024	7.47	7.12	7.47	6.86	1.115 times
03 Tue Dec 2024	7.12	6.45	7.12	6.45	1.205 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7 as stoploss in an intra day buy trade for a target of 7.22. However, stock will show a bearish move below 7.

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	6.45
Downside Target	6.65
Downside Target	6.95
Upside Target	7.30
Upside Target	7.52
Upside Target	7.54
Upside Target	7.61
Upside Target	7.79
Upside Target	8.20
Upside Target	8.44

Intraday share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Intraday Target	6.96
Downside Intraday Target	6.85
Upside Intraday Target	7.27
Upside Intraday Target	7.47
Upside Intraday Target	7.16

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	7.07	7.30	7.36	7.05	0.292 times
13 Fri Dec 2024	7.37	7.47	7.54	6.70	1.143 times
06 Fri Dec 2024	7.47	7.25	7.79	6.45	3.442 times
29 Fri Nov 2024	7.15	7.23	7.40	6.81	1.103 times
22 Fri Nov 2024	7.11	6.90	7.61	6.70	4.056 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 Mon Dec 2024	7.07	7.25	7.79	6.45	4.003 times
29 Fri Nov 2024	7.15	6.68	7.61	6.68	0.459 times
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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong and stock is losing momentum.

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

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. Bulls are getting tired and bears 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 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 7.28 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.