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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 2022-05-02 View latest technical analysis

10 day averaged volume of Rk Forgings is 49849

Date Daily Closing Price Open High Low Volume
02 Mon May 2022 189.95 188.75 196.60 183.00 1.466 times
29 Fri Apr 2022 188.75 191.25 194.90 187.90 0.701 times
28 Thu Apr 2022 190.50 192.60 193.00 189.40 0.641 times
27 Wed Apr 2022 189.75 191.00 194.35 186.40 0.789 times
26 Tue Apr 2022 190.45 186.80 191.90 186.80 0.983 times
25 Mon Apr 2022 184.55 191.00 191.00 183.55 0.949 times
22 Fri Apr 2022 192.10 191.00 196.00 188.65 1.24 times
21 Thu Apr 2022 192.20 186.65 194.50 184.00 1.571 times
20 Wed Apr 2022 183.25 181.75 185.90 180.60 0.861 times
19 Tue Apr 2022 181.75 182.70 187.35 178.00 0.991 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 192 as stoploss in an intra day sell trade for a target of 184.45. However, stock will show a bullish move above 192.

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 183.00
Downside Target 189.80
Upside Target 194.00
Upside Target 196.60
Upside Target 760.00
Upside Target 855.00
Upside Target 905.00
Upside Target 968.55
Upside Target 1063.40

Intraday share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Intraday Target 183.1
Downside Intraday Target 176.25
Upside Intraday Target 196.7
Upside Intraday Target 203.45
Downside Intraday Target 189.85

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
02 Mon May 2022 189.95 188.75 196.60 183.00 0.361 times
29 Fri Apr 2022 188.75 191.00 194.90 183.55 0.684 times
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

Price has moved up 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
02 Mon May 2022 189.95 188.75 196.60 183.00 0.065 times
29 Fri Apr 2022 188.75 162.00 196.00 159.55 0.988 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

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 14, 34, 41 Sell
MACD -128, -151Buy
Stochastics 64None
CCI 31Sell
RSI 24Sell
OBV 419061Sell
VWAP 189Buy
ADL 0Sell
ROC 5Buy
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short to mid 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 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 gaining 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Rk Forgings in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 188.68 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

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Daily charts

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Daily chart

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