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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 2022-05-16 View latest technical analysis

10 day averaged volume of Rk Forgings is 66239

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 163.90 160.20 165.25 159.30 0.365 times
13 Fri May 2022 157.80 156.00 163.20 155.90 0.928 times
12 Thu May 2022 152.90 161.00 161.05 150.95 0.934 times
11 Wed May 2022 163.90 171.40 173.70 160.80 1.378 times
10 Tue May 2022 171.40 172.50 175.50 170.00 0.55 times
09 Mon May 2022 172.40 173.50 175.30 170.45 0.625 times
06 Fri May 2022 173.50 175.65 175.65 168.40 0.739 times
05 Thu May 2022 175.65 185.50 190.80 172.00 0.861 times
04 Wed May 2022 182.20 196.00 198.80 178.90 2.353 times
02 Mon May 2022 189.95 188.75 196.60 183.00 1.103 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 167.2, but if it comes above 167.2, then a intra day buy could be more profitable.
If you take a sell trade below 167.2, then use 167.2 as stoploss and 153.2 as target. However if you take a buy trade in stock , then use 167.2 as stoploss and 178.91 as target.

Share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Target 150.95
Downside Target 156.40
Upside Target 165.25
Upside Target 175.50
Upside Target 183.55
Upside Target 194.90
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 160.38
Downside Intraday Target 156.87
Upside Intraday Target 166.33
Upside Intraday Target 168.77
Downside Intraday Target 162.82

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 163.90 160.20 165.25 159.30 0.083 times
13 Fri May 2022 157.80 173.50 175.50 150.95 0.873 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

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
16 Mon May 2022 163.90 188.75 198.80 150.95 0.579 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 9, 34, 56 Sell
MACD -94, -105Buy
Stochastics 15Sell
CCI -67Buy
RSI 33Sell
OBV -267374Sell
VWAP 172Sell
ADL 0Sell
ROC -13Sell
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 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Rk Forgings in short term but BUY 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

Stock of Rk Forgings is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 172.29 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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