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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 2022-09-20 View latest technical analysis

10 day averaged volume of Rk Forgings is 51856

Date Daily Closing Price Open High Low Volume
20 Tue Sep 2022 202.95 207.05 207.05 202.25 0.291 times
19 Mon Sep 2022 203.35 209.35 209.35 200.05 0.544 times
16 Fri Sep 2022 206.75 208.00 212.30 202.20 0.911 times
15 Thu Sep 2022 207.30 210.00 210.00 205.10 0.849 times
14 Wed Sep 2022 207.60 200.00 210.70 200.00 0.769 times
13 Tue Sep 2022 207.95 207.40 209.35 205.90 1.162 times
12 Mon Sep 2022 207.35 206.00 210.95 203.40 1.575 times
09 Fri Sep 2022 203.15 203.80 205.70 199.60 0.823 times
08 Thu Sep 2022 203.65 207.00 210.75 200.25 1.578 times
07 Wed Sep 2022 198.50 196.00 200.65 194.90 0.953 times

My analysis of stock is bullish for shortterm, and stock might move up till 208.6 or till 218.7. Use a stoploss of 200.12 and if this stock hits its stoploss, then it can fall down till 191.65

Share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Target 145.50
Downside Target 150.95
Downside Target 154.20
Downside Target 169.55
Downside Target 176.60
Downside Target 181.05
Downside Target 194.00
Downside Target 198.80
Upside Target 206.75
Upside Target 209.35
Upside Target 212.00
Upside Target 212.30
Upside Target 214.15

Intraday share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Intraday Target 198.88
Downside Intraday Target 194.82
Upside Intraday Target 208.18
Upside Intraday Target 213.42
Upside Intraday Target 204.12

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
20 Tue Sep 2022 202.95 209.35 209.35 200.05 0.159 times
16 Fri Sep 2022 206.75 206.00 212.30 200.00 0.944 times
09 Fri Sep 2022 203.15 211.95 214.15 194.90 0.806 times
02 Fri Sep 2022 206.35 185.00 212.00 181.80 2.426 times
26 Fri Aug 2022 191.10 186.65 194.00 181.05 1.375 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
20 Tue Sep 2022 202.95 200.00 214.15 194.90 0.588 times
30 Tue Aug 2022 200.65 184.90 206.75 176.60 2.425 times
29 Fri Jul 2022 177.80 161.05 183.90 154.20 1.222 times
30 Thu Jun 2022 163.05 166.00 169.55 145.50 0.568 times

Scroll below to view daily charts

Price has moved up 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 18, 17, 4 Buy
MACD 10, 11Sell
Stochastics 52None
CCI -27Sell
RSI 66Buy
OBV 172442Sell
VWAP 205Sell
ADL 0Sell
ROC 3Buy
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short to mid 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 mid to longer 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.

ADX buy sell signal for Rk Forgings stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Rk Forgings in short term but the sell signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 205.14 and Rk Forgings (RkForgings) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.

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Daily charts

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Daily chart

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