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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)

Showing technical analysis as on 2022-04-22 View latest technical analysis

10 day averaged volume of Rk Forgings is 67782

Date Daily Closing Price Open High Low Volume
22 Fri Apr 2022 192.10 191.00 196.00 188.65 0.912 times
21 Thu Apr 2022 192.20 186.65 194.50 184.00 1.155 times
20 Wed Apr 2022 183.25 181.75 185.90 180.60 0.633 times
19 Tue Apr 2022 181.75 182.70 187.35 178.00 0.729 times
18 Mon Apr 2022 181.25 185.05 186.25 179.15 0.936 times
13 Wed Apr 2022 187.40 188.25 189.45 185.95 0.915 times
12 Tue Apr 2022 184.85 189.20 191.90 183.25 0.803 times
11 Mon Apr 2022 190.45 189.80 194.00 186.90 0.904 times
08 Fri Apr 2022 187.60 180.95 189.80 179.00 1.941 times
07 Thu Apr 2022 178.05 184.90 186.95 177.20 0.927 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 188.1, but if it comes below 188.1, then a intra day sell could be more profitable.
If you take a sell trade below 188.1, then use 188.1 as stoploss and 176.07 as target. However if you take a buy trade in stock , then use 188.1 as stoploss and 202.6 as target.

Share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Target 156.40
Downside Target 159.55
Downside Target 165.00
Downside Target 178.00
Downside Target 183.25
Downside Target 189.80
Upside Target 194.00
Upside Target 760.00
Upside Target 850.85
Upside Target 855.00
Upside Target 905.00
Upside Target 968.55
Upside Target 985.00
Upside Target 1063.40

Intraday share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Intraday Target 181.4
Downside Intraday Target 170.7
Upside Intraday Target 199.4
Upside Intraday Target 206.7
Downside Intraday Target 188.7

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
22 Fri Apr 2022 192.10 185.05 196.00 178.00 1.665 times
13 Wed Apr 2022 187.40 189.80 194.00 183.25 0.424 times
08 Fri Apr 2022 187.60 165.00 189.80 165.00 1.402 times
01 Fri Apr 2022 162.15 166.80 166.80 156.40 0.683 times
25 Fri Mar 2022 165.30 184.00 184.00 161.65 1.765 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 Rk Forgings (RkForgings)

Date Monthly Closing Price Open High Low Volume
22 Fri Apr 2022 192.10 162.00 196.00 159.55 0.81 times
31 Thu Mar 2022 157.50 812.00 855.00 156.40 3.628 times
28 Mon Feb 2022 813.95 963.80 968.55 760.00 0.597 times
31 Mon Jan 2022 954.45 970.00 1063.40 905.00 1.85 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 16, 41, 43 Sell
MACD -173, -204Buy
Stochastics 74Buy
CCI 123Buy
RSI 23Sell
OBV 394727Sell
VWAP 186Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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

MACD generated a BUY signal for Rk Forgings 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.

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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Rk Forgings in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 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 186.36 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 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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Daily charts

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Daily chart

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