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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 2022-05-06 View latest technical analysis

10 day averaged volume of Rk Forgings is 62868

Date Daily Closing Price Open High Low Volume
06 Fri May 2022 173.50 175.65 175.65 168.40 0.779 times
05 Thu May 2022 175.65 185.50 190.80 172.00 0.907 times
04 Wed May 2022 182.20 196.00 198.80 178.90 2.48 times
02 Mon May 2022 189.95 188.75 196.60 183.00 1.163 times
29 Fri Apr 2022 188.75 191.25 194.90 187.90 0.556 times
28 Thu Apr 2022 190.50 192.60 193.00 189.40 0.508 times
27 Wed Apr 2022 189.75 191.00 194.35 186.40 0.626 times
26 Tue Apr 2022 190.45 186.80 191.90 186.80 0.779 times
25 Mon Apr 2022 184.55 191.00 191.00 183.55 0.753 times
22 Fri Apr 2022 192.10 191.00 196.00 188.65 0.983 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 173.7, for a target of 180.1 or 185.44

Share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Target 156.40
Downside Target 159.55
Downside Target 165.00
Downside Target 168.40
Upside Target 178.00
Upside Target 183.25
Upside Target 189.80
Upside Target 194.00
Upside Target 198.80
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 161.67
Downside Intraday Target 149.83
Upside Intraday Target 192.07
Upside Intraday Target 210.63
Upside Intraday Target 180.23

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
06 Fri May 2022 173.50 188.75 198.80 168.40 1.654 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 down 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
06 Fri May 2022 173.50 188.75 198.80 168.40 0.297 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 down 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 10, 34, 55 Sell
MACD -114, -132Buy
Stochastics 16Sell
CCI -213Sell
RSI 29Sell
OBV 123877Sell
VWAP 185Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short 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.

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short 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.

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Rk Forgings in short term and SELL 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 185.01 and Rk Forgings (RkForgings) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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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