(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 2022-05-19 View latest technical analysis
10 day averaged volume of Rk Forgings is 48581
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Thu May 2022 | 161.25 | 165.50 | 165.50 | 160.30 | 0.24 times |
| 18 Wed May 2022 | 166.80 | 165.20 | 169.45 | 163.50 | 0.459 times |
| 17 Tue May 2022 | 162.10 | 165.95 | 167.20 | 159.05 | 0.84 times |
| 16 Mon May 2022 | 163.90 | 160.20 | 165.25 | 159.30 | 0.498 times |
| 13 Fri May 2022 | 157.80 | 156.00 | 163.20 | 155.90 | 1.265 times |
| 12 Thu May 2022 | 152.90 | 161.00 | 161.05 | 150.95 | 1.274 times |
| 11 Wed May 2022 | 163.90 | 171.40 | 173.70 | 160.80 | 1.879 times |
| 10 Tue May 2022 | 171.40 | 172.50 | 175.50 | 170.00 | 0.75 times |
| 09 Mon May 2022 | 172.40 | 173.50 | 175.30 | 170.45 | 0.852 times |
| 06 Fri May 2022 | 173.50 | 175.65 | 175.65 | 168.40 | 1.008 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 163.3, but if it comes above 163.3, then a intra day buy could be more profitable.
If you take a sell trade below 163.3, then use 163.3 as stoploss and 147.9 as target. However if you take a buy trade in stock , then use 163.3 as stoploss and 176.1 as target.
Share price targets for Rk Forgings (RkForgings)
| Target Type | Value |
| Downside Target | 150.95 |
| Downside Target | 156.40 |
| Upside Target | 168.40 |
| 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 | 157.05 |
| Downside Intraday Target | 152.85 |
| Upside Intraday Target | 167.45 |
| Upside Intraday Target | 173.65 |
| Upside Intraday Target | 163.25 |
Weekly technical analysis of Rk Forgings (RkForgings)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Thu May 2022 | 161.25 | 160.20 | 169.45 | 159.05 | 0.338 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 |
| 19 Thu May 2022 | 161.25 | 188.75 | 198.80 | 150.95 | 0.645 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 | 11, 31, 46 | Sell |
| MACD | -82, -94 | Buy |
| Stochastics | 35 | None |
| CCI | -39 | Sell |
| RSI | 36 | Sell |
| OBV | -345531 | Sell |
| VWAP | 164 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Rk Forgings ( (RkForgings) ) based on a short 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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
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 163.9 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.
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