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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 2022-05-12 View latest technical analysis

10 day averaged volume of Rk Forgings is 61034

Date Daily Closing Price Open High Low Volume
12 Thu May 2022 152.90 161.00 161.05 150.95 1.014 times
11 Wed May 2022 163.90 171.40 173.70 160.80 1.496 times
10 Tue May 2022 171.40 172.50 175.50 170.00 0.597 times
09 Mon May 2022 172.40 173.50 175.30 170.45 0.678 times
06 Fri May 2022 173.50 175.65 175.65 168.40 0.802 times
05 Thu May 2022 175.65 185.50 190.80 172.00 0.934 times
04 Wed May 2022 182.20 196.00 198.80 178.90 2.554 times
02 Mon May 2022 189.95 188.75 196.60 183.00 1.198 times
29 Fri Apr 2022 188.75 191.25 194.90 187.90 0.573 times
28 Thu Apr 2022 190.50 192.60 193.00 189.40 0.524 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 159.2, for a target of 171.3 or 181.44

Share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Target 150.95
Upside Target 156.40
Upside Target 159.55
Upside Target 168.40
Upside Target 175.50
Upside Target 183.25
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 144.07
Downside Intraday Target 135.23
Upside Intraday Target 168.62
Upside Intraday Target 184.33
Upside Intraday Target 159.78

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
12 Thu May 2022 152.90 173.50 175.50 150.95 0.69 times
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

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
12 Thu May 2022 152.90 188.75 198.80 150.95 0.503 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 7, 40, 70 Sell
MACD -101, -113Buy
Stochastics 7Sell
CCI -153Sell
RSI 34Sell
OBV -346142Sell
VWAP 176Sell
ADL 0Sell
ROC -19Sell
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 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 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 in or above 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 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 175.84 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 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

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Daily chart

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