Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(RkForgings) Rk Forgings complete technical analysis [charts+indicators] | Buy/Sell Rk Forgings | (RkForgings) share price targets

Complete technical analysis of Rk Forgings (RkForgings) by charts plus indicators, forecast predictions and share price targets for Rk Forgings (RkForgings)

10 day averaged volume of Rk Forgings is 50483

Date Daily Closing Price Open High Low Volume
06 Tue Dec 2022 232.35 231.05 235.00 231.00 0.832 times
05 Mon Dec 2022 235.25 241.70 241.95 232.95 1.168 times
02 Fri Dec 2022 237.50 220.70 240.75 220.70 4.921 times
01 Thu Dec 2022 223.70 218.60 225.00 218.60 0.528 times
30 Wed Nov 2022 220.35 221.30 225.35 219.65 0.376 times
29 Tue Nov 2022 221.05 229.65 229.70 220.30 0.447 times
28 Mon Nov 2022 227.50 216.30 228.80 216.30 0.36 times
25 Fri Nov 2022 220.65 220.85 223.45 219.75 0.226 times
24 Thu Nov 2022 219.35 220.10 222.50 218.00 0.281 times
23 Wed Nov 2022 219.90 217.00 226.85 217.00 0.887 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 236.1 as stoploss in an intra day sell trade for a target of 228.56. However, stock will show a bullish move above 236.1.

Share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Target 175.50
Downside Target 194.65
Downside Target 206.75
Downside Target 214.15
Downside Target 223.95
Upside Target 238.00
Upside Target 240.75
Upside Target 241.95
Upside Target 244.10
Upside Target 244.40

Intraday share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Intraday Target 228.25
Downside Intraday Target 224.15
Upside Intraday Target 239.2
Upside Intraday Target 246.05
Upside Intraday Target 235.1

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
06 Tue Dec 2022 232.35 241.70 241.95 231.00 0.302 times
02 Fri Dec 2022 237.50 216.30 240.75 216.30 2.508 times
25 Fri Nov 2022 220.65 226.35 228.25 217.00 0.419 times
18 Fri Nov 2022 226.85 241.90 244.10 223.95 0.6 times
11 Fri Nov 2022 241.90 240.60 244.40 232.30 1.55 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 Rk Forgings (RkForgings)

Date Monthly Closing Price Open High Low Volume
06 Tue Dec 2022 232.35 218.60 241.95 218.60 0.302 times
30 Wed Nov 2022 220.35 231.75 244.40 216.30 0.793 times
31 Mon Oct 2022 229.30 194.65 238.00 194.65 1.121 times
30 Fri Sep 2022 198.75 200.00 214.15 175.50 1.014 times

Scroll below to view daily charts

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 Rk Forgings (RkForgings)

Indicator Name Indicator Value Indicator Signal
ADX 26, 13, 32 Buy
MACD 5, 4Buy
Stochastics 74Buy
CCI 93Sell
RSI 57Buy
OBV 36164Sell
VWAP 232Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Rk Forgings ( (RkForgings) ) 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 Rk Forgings ( (RkForgings) ) 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 Rk Forgings ( (RkForgings) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Rk Forgings ( (RkForgings) ) 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 Rk Forgings stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Rk Forgings in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rk Forgings 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Rk Forgings 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 Rk Forgings is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 231.9 and Rk Forgings (RkForgings) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Rk Forgings (RkForgings) stock. Volume based technical analysis of Rk Forgings (RkForgings) stock is negative.

Rk Forgings Stock is giving positive 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.

Click here for Rk Forgings charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme