GANGAFORGE · Materials · 2026-08-07

Ganga Forging Ltd

Stage 4 · wk 22In scan: Breakout WatchMARKET: BULL TOPPING · 2026-08-07
₹2.1
+4.46% today
₹36 Cr · Micro cap
About this companyMaterials· Iron & Steel
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Ganga Forging Limited manufactures and sells steel forging parts and machine components for automotive and non-automotive sectors in India. It offers forged crankshafts, crankshaft single and double cylinders, straight and inclined connecting rods, forged and big yokes, trunnion-pins, spiders/crosses, forged trunnion shafts, forged flanges and clamps, and blind flanges, as well as socket clevises, anchor shackles, and dead-end pin electrical power transmission parts. The company also provides aluminum forging products. It serves clients in railways, construction equipment, agricultural machinery and equipment, earth moving and other industries. The company was incorporated in 1988 and is based in Rajkot, India.

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vs 52W High
-47.5%
₹1.7 lo₹4 hi
47.5% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 22
1w13w26w
Week 22 — extended decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-26.6%
200 DMA: ₹2.9 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
7.13x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -11.8% vs MA50 -10.9%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Materials
↓ Peaking
Stage 2%
33.9%
20d Δ
-4.4pp
1M return
+4.9%
3M return
+1.9%
Sector Stage-2 % · last 20 days
Sector has 135 Stage 2 leaders. See Materials Stage 2 →
Industry
Iron & Steel
↓ Peaking
Stage 2%
38.0%
20d Δ
-14.8pp
1M return
+5.8%
3M return
+1.2%
Industry Stage-2 % · last 20 days
Industry has 27 Stage 2 leaders. See Iron & Steel Stage 2 →
Price + Volume Chart
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Stage Cycle Timeline2023-05-12 → 2026-08-07
S2 14w
S4 14w
S4 52w
S4 22w
2023-05-122026-08-07
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 3w → S1 3w → S2 14w → S3 2w → S2 5w → S3 2w → S2 4w → S3 2w → S2 12w → S3 7w → S4 14w → S1 8w → S4 52w → S1 3w → S4 12w → S1 2w → S4 22w current
Total tracked: 168 weeks across 17 stage runs.
1M
-0.9%
3M
-19.2%
6M
-36.3%
YTD
-41.2%
1Y
-42.2%
Scan Membership
Breakout Watch
Latest: 2024-01-18
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-07S4
Wk 22 · Vol —x
2026-08-06S4
Wk 21 · Vol —x
2026-08-05S4
Wk 21 · Vol —x
2026-08-04S4
Wk 21 · Vol —x
2026-08-03S4
Wk 21 · Vol —x
2026-07-31S4
Wk 21 · Vol —x
2026-07-30S4
Wk 20 · Vol —x
2026-07-29S4
Wk 20 · Vol —x
2026-07-28S4
Wk 20 · Vol —x
2026-07-27S4
Wk 20 · Vol —x
2026-07-24S4
Wk 20 · Vol —x
2026-07-23S4
Wk 19 · Vol —x
Sector Peers — Stage 2All →
GULFPETRO
wk 7 · 0.0% from hi
9.4
APCOTEXIND
wk 13 · -9.8% from hi
9.4
ASAHISONG
wk 6 · -7.4% from hi
9.0
LLOYDSME
wk 15 · 0.0% from hi
8.9
GANESHBE
wk 13 · -3.6% from hi
8.9
Moving averages & range
50 DMA
₹2.2
200 DMA
₹2.9
52W High
₹4
52W Low
₹1.7
5D Low
₹1.8
Resistance levels (recent highs)
20d High
₹2.1
60d High
₹2.7
120d High
₹3.3
250d High
₹4
Next resistance
+27.5%
to 60d High

All analytics based on EOD data. Data as of 2026-08-07. Past data patterns are not indicative of future results. This page is a data analytics tool only.