(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 2022-11-10 View latest technical analysis
10 day averaged volume of Rk Forgings is 88760
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Thu Nov 2022 | 239.05 | 236.00 | 239.75 | 232.30 | 0.578 times |
| 09 Wed Nov 2022 | 237.90 | 237.20 | 244.30 | 235.60 | 3.909 times |
| 07 Mon Nov 2022 | 237.90 | 240.60 | 240.85 | 235.85 | 0.569 times |
| 04 Fri Nov 2022 | 237.35 | 233.15 | 238.20 | 232.75 | 0.345 times |
| 03 Thu Nov 2022 | 231.45 | 232.20 | 239.55 | 230.20 | 0.521 times |
| 02 Wed Nov 2022 | 236.25 | 235.55 | 239.60 | 234.20 | 0.797 times |
| 01 Tue Nov 2022 | 235.95 | 231.75 | 237.90 | 228.30 | 0.594 times |
| 31 Mon Oct 2022 | 229.30 | 223.15 | 235.60 | 223.15 | 1.606 times |
| 28 Fri Oct 2022 | 223.10 | 227.45 | 229.00 | 221.00 | 0.377 times |
| 27 Thu Oct 2022 | 225.90 | 228.50 | 229.50 | 224.55 | 0.56 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 237.4, but if it comes below 237.4, then a intra day sell could be more profitable.
If you take a sell trade below 237.4, then use 237.4 as stoploss and 227.96 as target. However if you take a buy trade in stock , then use 237.4 as stoploss and 248.8 as target.
Share price targets for Rk Forgings (RkForgings)
| Target Type | Value |
| Downside Target | 154.20 |
| Downside Target | 175.50 |
| Downside Target | 183.90 |
| Downside Target | 194.65 |
| Downside Target | 201.40 |
| Downside Target | 206.75 |
| Downside Target | 214.15 |
| Downside Target | 221.00 |
| Downside Target | 236.65 |
| Downside Target | 238.00 |
| Upside Target | 239.60 |
| Upside Target | 244.30 |
Intraday share price targets for Rk Forgings (RkForgings)
| Target Type | Value |
| Downside Intraday Target | 232.8 |
| Downside Intraday Target | 226.55 |
| Upside Intraday Target | 244.8 |
| Upside Intraday Target | 250.55 |
| Downside Intraday Target | 238.55 |
Weekly technical analysis of Rk Forgings (RkForgings)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Thu Nov 2022 | 239.05 | 240.60 | 244.30 | 232.30 | 1.309 times |
| 04 Fri Nov 2022 | 237.35 | 223.15 | 239.60 | 223.15 | 2.061 times |
| 28 Fri Oct 2022 | 223.10 | 235.75 | 238.00 | 221.00 | 0.41 times |
| 21 Fri Oct 2022 | 228.90 | 233.00 | 236.65 | 223.90 | 0.687 times |
| 14 Fri Oct 2022 | 223.75 | 208.00 | 227.20 | 201.40 | 2.243 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 |
| 10 Thu Nov 2022 | 239.05 | 231.75 | 244.30 | 228.30 | 0.414 times |
| 31 Mon Oct 2022 | 229.30 | 194.65 | 238.00 | 194.65 | 1.121 times |
| 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 |
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 | 24, 16, 21 | Buy |
| MACD | 17, 16 | Buy |
| Stochastics | 78 | Buy |
| CCI | 57 | Sell |
| RSI | 49 | Sell |
| OBV | 884578 | Sell |
| VWAP | 235 | Buy |
| ADL | 0 | Sell |
| ROC | 7 | Buy |
| Force Index | 0 | Sell |
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 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 to mid 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 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 Strong and stock is losing momentum.
MACD generated a BUY signal for Rk Forgings in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Rk Forgings Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up
CCI has generated a SELL signal for Rk Forgings in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 234.71 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 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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