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(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 50617

Date Daily Closing Price Open High Low Volume
07 Wed Dec 2022 227.95 230.00 232.95 226.70 0.348 times
06 Tue Dec 2022 232.35 231.05 235.00 231.00 0.83 times
05 Mon Dec 2022 235.25 241.70 241.95 232.95 1.165 times
02 Fri Dec 2022 237.50 220.70 240.75 220.70 4.908 times
01 Thu Dec 2022 223.70 218.60 225.00 218.60 0.527 times
30 Wed Nov 2022 220.35 221.30 225.35 219.65 0.375 times
29 Tue Nov 2022 221.05 229.65 229.70 220.30 0.445 times
28 Mon Nov 2022 227.50 216.30 228.80 216.30 0.359 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

My analysis of stock is bearish for shortterm, and stock might move down till 220.9 or till 212.2. Use a stoploss of 228.06 and if the stock hits stoploss, then it can shoot up till 235.25

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 222.45
Downside Intraday Target 216.95
Upside Intraday Target 237.7
Upside Intraday Target 247.45
Upside Intraday Target 232.2

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
07 Wed Dec 2022 227.95 241.70 241.95 226.70 0.354 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
07 Wed Dec 2022 227.95 218.60 241.95 218.60 0.317 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 24, 17, 15 Buy
MACD 5, 5Buy
Stochastics 61None
CCI 35Sell
RSI 56Buy
OBV -31939Sell
VWAP 233Sell
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 Weak and stock is losing momentum.

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

Rk Forgings 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below 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 but buying is losing 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 232.88 and Rk Forgings (RkForgings) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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

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Daily charts

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

Daily chart

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