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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 2022-05-19 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, -94Buy
Stochastics 35None
CCI -39Sell
RSI 36Sell
OBV -345531Sell
VWAP 164Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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.

Click here for Rk Forgings charts

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Daily charts

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Daily chart

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