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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 2022-09-21 View latest technical analysis

10 day averaged volume of Rk Forgings is 49029

Date Daily Closing Price Open High Low Volume
21 Wed Sep 2022 190.55 202.00 203.75 188.75 1.292 times
20 Tue Sep 2022 202.95 207.05 207.05 202.25 0.308 times
19 Mon Sep 2022 203.35 209.35 209.35 200.05 0.575 times
16 Fri Sep 2022 206.75 208.00 212.30 202.20 0.964 times
15 Thu Sep 2022 207.30 210.00 210.00 205.10 0.898 times
14 Wed Sep 2022 207.60 200.00 210.70 200.00 0.814 times
13 Tue Sep 2022 207.95 207.40 209.35 205.90 1.229 times
12 Mon Sep 2022 207.35 206.00 210.95 203.40 1.665 times
09 Fri Sep 2022 203.15 203.80 205.70 199.60 0.87 times
08 Thu Sep 2022 203.65 207.00 210.75 200.25 1.669 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 192.8, but if it comes above 192.8, then a intra day buy could be more profitable.
If you take a sell trade below 192.8, then use 192.8 as stoploss and 183.6 as target. However if you take a buy trade in stock , then use 192.8 as stoploss and 200.55 as target.

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 188.75
Upside Target 194.00
Upside 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 183.08
Downside Intraday Target 175.62
Upside Intraday Target 203.68
Upside Intraday Target 216.82
Upside Intraday Target 196.22

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
21 Wed Sep 2022 190.55 209.35 209.35 188.75 0.391 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
21 Wed Sep 2022 190.55 200.00 214.15 188.75 0.634 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 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 15, 30, 33 Sell
MACD 8, 10Sell
Stochastics 34None
CCI -265Sell
RSI 55Buy
OBV 143471Sell
VWAP 204Sell
ADL 0Sell
ROC -4Sell
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 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 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 SELL. Signal strength is Strong and stock is gaining 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 but buying 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 203.96 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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