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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 2022-05-23 View latest technical analysis

10 day averaged volume of Rk Forgings is 41088

Date Daily Closing Price Open High Low Volume
23 Mon May 2022 164.65 167.70 169.15 162.90 0.437 times
20 Fri May 2022 165.80 163.50 166.85 162.85 0.472 times
19 Thu May 2022 161.25 165.50 165.50 160.30 0.284 times
18 Wed May 2022 166.80 165.20 169.45 163.50 0.543 times
17 Tue May 2022 162.10 165.95 167.20 159.05 0.994 times
16 Mon May 2022 163.90 160.20 165.25 159.30 0.589 times
13 Fri May 2022 157.80 156.00 163.20 155.90 1.496 times
12 Thu May 2022 152.90 161.00 161.05 150.95 1.506 times
11 Wed May 2022 163.90 171.40 173.70 160.80 2.222 times
10 Tue May 2022 171.40 172.50 175.50 170.00 0.887 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 161.4 as stoploss in an intra day buy trade for a target of 173.41. However, stock will show a bearish move below 161.4.

Share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Target 150.95
Downside Target 156.40
Downside Target 162.90
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 161.98
Downside Intraday Target 159.32
Upside Intraday Target 168.23
Upside Intraday Target 171.82
Upside Intraday Target 165.57

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
23 Mon May 2022 164.65 167.70 169.15 162.90 0.152 times
20 Fri May 2022 165.80 160.20 169.45 159.05 0.405 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

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
23 Mon May 2022 164.65 188.75 198.80 150.95 0.678 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 14, 27, 33 Sell
MACD -75, -86Buy
Stochastics 53None
CCI 35Buy
RSI 38Sell
OBV -465318Sell
VWAP 162Buy
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 buy signal for Rk Forgings in short term and BUY 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 161.91 and Rk Forgings (RkForgings) stock is trading above this level. This is a good sign for the stock and it could move higher. 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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