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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 2024-12-23 View latest technical analysis

10 day averaged volume of Ganga Forging is 1072272

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	7.06	6.83	7.06	6.60	0.431 times
20 Fri Dec 2024	6.73	6.63	6.85	6.48	5.601 times
19 Thu Dec 2024	6.53	6.63	6.69	6.43	0.607 times
18 Wed Dec 2024	6.65	6.90	6.94	6.63	0.576 times
17 Tue Dec 2024	6.87	7.00	7.04	6.80	0.236 times
16 Mon Dec 2024	7.07	7.30	7.36	7.05	0.674 times
13 Fri Dec 2024	7.37	6.99	7.39	6.70	1.242 times
12 Thu Dec 2024	7.04	7.30	7.31	6.94	0.311 times
11 Wed Dec 2024	7.31	7.25	7.50	7.12	0.162 times
10 Tue Dec 2024	7.32	7.37	7.40	7.00	0.266 times

My analysis of stock is bearish for shortterm, and stock might move down till 6.8 or till 6.5. Use a stoploss of 7.09 and if the stock hits stoploss, then it can shoot up till 7.36

Share price targets for Ganga Forging (GANGAFORGE_BE)

Target Type	Value
Downside Target	6.43
Downside Target	6.60
Downside Target	6.95
Upside Target	7.30
Upside Target	7.40
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	6.75
Downside Intraday Target	6.45
Upside Intraday Target	7.21
Upside Intraday Target	7.37
Downside Intraday Target	6.91

Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	7.06	6.83	7.06	6.60	0.056 times
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

Price has moved up 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
23 Mon Dec 2024	7.06	7.25	7.79	6.43	9.969 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Ganga Forging in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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

Although the stock is in the BUY zone, but buying 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 6.87 and Ganga Forging (GANGAFORGE_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.