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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 2022-09-28 View latest technical analysis

10 day averaged volume of Rk Forgings is 54008

Date Daily Closing Price Open High Low Volume
28 Wed Sep 2022 188.10 187.00 190.10 183.05 0.579 times
27 Tue Sep 2022 185.95 181.65 189.65 175.80 2.896 times
26 Mon Sep 2022 176.60 182.55 185.05 175.50 1.306 times
23 Fri Sep 2022 187.00 193.75 194.10 185.85 0.501 times
22 Thu Sep 2022 193.90 190.00 194.80 189.85 0.894 times
21 Wed Sep 2022 190.55 202.00 203.75 188.75 1.173 times
20 Tue Sep 2022 202.95 207.05 207.05 202.25 0.279 times
19 Mon Sep 2022 203.35 209.35 209.35 200.05 0.522 times
16 Fri Sep 2022 206.75 208.00 212.30 202.20 0.875 times
15 Thu Sep 2022 207.30 210.00 210.00 205.10 0.815 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 190.4, but if it comes above 190.4, then a intra day buy could be more profitable.
If you take a sell trade below 190.4, then use 190.4 as stoploss and 179.6 as target. However if you take a buy trade in stock , then use 190.4 as stoploss and 199.37 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 175.50
Downside Target 181.80
Upside Target 190.10
Upside Target 194.90
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 179.03
Downside Intraday Target 169.97
Upside Intraday Target 193.63
Upside Intraday Target 199.17
Downside Intraday Target 184.57

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
28 Wed Sep 2022 188.10 182.55 190.10 175.50 1.419 times
23 Fri Sep 2022 187.00 209.35 209.35 185.85 0.666 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

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
28 Wed Sep 2022 188.10 200.00 214.15 175.50 0.876 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 14, 30, 36 Sell
MACD -0, 4Sell
Stochastics 22Sell
CCI -60Buy
RSI 49Sell
OBV 172833Sell
VWAP 191Sell
ADL 0Sell
ROC -9Sell
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 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 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 losing momentum.

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

Rk Forgings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Rk Forgings in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 191.18 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 positive

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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