(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)
10 day averaged volume of Ganga Forging is 322511
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 8.25 | 8.35 | 8.45 | 8.00 | 0.82 times |
| 16 Thu May 2024 | 8.30 | 8.45 | 8.75 | 8.10 | 1.227 times |
| 15 Wed May 2024 | 8.45 | 7.90 | 8.50 | 7.80 | 1.992 times |
| 14 Tue May 2024 | 8.10 | 8.50 | 8.50 | 7.95 | 3.45 times |
| 13 Mon May 2024 | 8.10 | 7.75 | 8.10 | 7.60 | 0.641 times |
My analysis of stock is bullish for shortterm, and stock might move up till 8.5 or till 8.9. Use a stoploss of 8.24 and if this stock hits its stoploss, then it can fall down till 7.96
Share price targets for Ganga Forging (GANGAFORGE_BE)
| Target Type | Value |
| Downside Target | 6.25 |
| Downside Target | 7.60 |
| Downside Target | 8.00 |
| Upside Target | 8.75 |
| Upside Target | 8.90 |
| Upside Target | 9.35 |
| Upside Target | 10.50 |
| Upside Target | 12.15 |
| Upside Target | 12.40 |
| Upside Target | 15.20 |
| Upside Target | 17.50 |
Intraday share price targets for Ganga Forging (GANGAFORGE_BE)
| Target Type | Value |
| Downside Intraday Target | 7.65 |
| Downside Intraday Target | 7.05 |
| Upside Intraday Target | 8.8 |
| Upside Intraday Target | 9.35 |
| Downside Intraday Target | 8.2 |
Weekly technical analysis of Ganga Forging (GANGAFORGE_BE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 8.25 | 7.75 | 8.75 | 7.60 | 4.348 times |
| 10 Fri May 2024 | 7.75 | 8.20 | 8.20 | 7.75 | 0.689 times |
| 03 Fri May 2024 | 8.15 | 8.35 | 8.35 | 8.00 | 0.608 times |
| 26 Fri Apr 2024 | 8.35 | 8.75 | 8.75 | 8.30 | 4.152 times |
| 19 Fri Apr 2024 | 8.90 | 9.35 | 9.35 | 8.90 | 1.493 times |
Price has moved up 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 |
| 17 Fri May 2024 | 8.25 | 8.05 | 8.75 | 7.60 | 0.681 times |
| 30 Tue Apr 2024 | 8.05 | 9.05 | 10.50 | 8.05 | 0.45 times |
| 28 Thu Mar 2024 | 8.70 | 12.15 | 12.15 | 8.20 | 1.606 times |
| 29 Thu Feb 2024 | 12.40 | 15.95 | 17.50 | 12.40 | 0.192 times |
Price has moved up 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 30, 27, 5 | Buy |
| MACD | -1, -1 | Buy |
| Stochastics | 71 | Buy |
| CCI | 59 | Sell |
| RSI | 73 | Buy |
| OBV | -2175589 | Sell |
| VWAP | 8 | Buy |
| ADL | 0 | Sell |
| ROC | 1 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) based on a short term time period is
Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) based on a short to mid term time period is
Price action analysis of Ganga Forging ( (GANGAFORGE_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Ganga Forging stock for short term is BUY. Signal strength is Weak and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Ganga Forging in short term but SELL signal is weak.
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 8.19 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 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.
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