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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 2024-12-20 View latest technical analysis

10 day averaged volume of Ganga Forging is 488439

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	6.73	6.63	6.85	6.48	12.295 times
19 Thu Dec 2024	6.53	6.63	6.69	6.43	1.333 times
18 Wed Dec 2024	6.65	6.90	6.94	6.63	1.264 times
17 Tue Dec 2024	6.87	7.00	7.04	6.80	0.519 times
16 Mon Dec 2024	7.07	7.30	7.36	7.05	1.48 times
13 Fri Dec 2024	7.37	6.99	7.39	6.70	2.726 times
12 Thu Dec 2024	7.04	7.30	7.31	6.94	0.682 times
11 Wed Dec 2024	7.31	7.25	7.50	7.12	0.356 times
10 Tue Dec 2024	7.32	7.37	7.40	7.00	0.585 times
09 Mon Dec 2024	7.30	7.47	7.54	7.20	0.714 times

Stock of Ganga Forging (GANGAFORGE_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6.8, but if it comes above 6.8, then a intra day buy could be more profitable.
If you take a sell trade below 6.8, then use 6.8 as stoploss and 6.5 as target. However if you take a buy trade in stock , then use 6.8 as stoploss and 7.1 as target.

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	6.43
Downside Target	6.65
Upside 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	6.32
Downside Intraday Target	5.91
Upside Intraday Target	7.25
Upside Intraday Target	7.77
Upside Intraday Target	6.84

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	6.73	7.30	7.36	6.43	3.336 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, 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
20 Fri Dec 2024	6.73	7.25	7.79	6.43	9.624 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 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 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 moving up

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 and the buying is gaining 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 6.87 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.