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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 2022-09-30 View latest technical analysis

10 day averaged volume of Rk Forgings is 62652

Date Daily Closing Price Open High Low Volume
30 Fri Sep 2022 198.75 189.05 200.00 188.45 0.812 times
29 Thu Sep 2022 191.20 191.85 192.60 188.50 2.22 times
28 Wed Sep 2022 188.10 187.00 190.10 183.05 0.499 times
27 Tue Sep 2022 185.95 181.65 189.65 175.80 2.496 times
26 Mon Sep 2022 176.60 182.55 185.05 175.50 1.126 times
23 Fri Sep 2022 187.00 193.75 194.10 185.85 0.432 times
22 Thu Sep 2022 193.90 190.00 194.80 189.85 0.77 times
21 Wed Sep 2022 190.55 202.00 203.75 188.75 1.011 times
20 Tue Sep 2022 202.95 207.05 207.05 202.25 0.241 times
19 Mon Sep 2022 203.35 209.35 209.35 200.05 0.45 times

My analysis of stock is bullish for shortterm, and stock might move up till 206.9 or till 217.5. Use a stoploss of 198.16 and if this stock hits its stoploss, then it can fall down till 189.39

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
Downside 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 182.83
Downside Intraday Target 166.92
Upside Intraday Target 207.33
Upside Intraday Target 215.92
Downside Intraday Target 191.42

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
30 Fri Sep 2022 198.75 182.55 200.00 175.50 2.463 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Rk Forgings (RkForgings)

Date Monthly Closing Price Open High Low Volume
30 Fri Sep 2022 198.75 200.00 214.15 175.50 1.014 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 22, 24, 4 Sell
MACD 1, 2Sell
Stochastics 49None
CCI 39Buy
RSI 51Buy
OBV 131112Sell
VWAP 190Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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.

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 moving up

CCI has generated a buy signal for Rk Forgings in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 189.5 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 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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