Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2022-11-17 View latest technical analysis

10 day averaged volume of Rk Forgings is 95987

Date Daily Closing Price Open High Low Volume
17 Thu Nov 2022 229.85 228.35 231.05 228.00 0.214 times
16 Wed Nov 2022 228.35 230.75 235.70 227.00 1.421 times
15 Tue Nov 2022 231.20 239.60 239.60 230.00 0.54 times
14 Mon Nov 2022 237.95 241.90 244.10 235.00 0.966 times
11 Fri Nov 2022 241.90 240.00 244.40 239.10 0.86 times
10 Thu Nov 2022 239.05 236.00 239.75 232.30 0.535 times
09 Wed Nov 2022 237.90 237.20 244.30 235.60 3.615 times
07 Mon Nov 2022 237.90 240.60 240.85 235.85 0.526 times
04 Fri Nov 2022 237.35 233.15 238.20 232.75 0.319 times
03 Thu Nov 2022 231.45 232.20 239.55 230.20 0.482 times

My analysis of stock is bearish for shortterm, and stock might move down till 227.2 or till 221. Use a stoploss of 232.43 and if the stock hits stoploss, then it can shoot up till 237.64

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 206.75
Downside Target 214.15
Downside Target 221.00
Upside Target 232.30
Upside Target 238.00
Upside Target 239.60
Upside Target 244.10
Upside Target 244.40

Intraday share price targets for Rk Forgings (RkForgings)

Target Type Value
Downside Intraday Target 223.2
Downside Intraday Target 216.55
Upside Intraday Target 240.3
Upside Intraday Target 250.75
Upside Intraday Target 233.65

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
17 Thu Nov 2022 229.85 241.90 244.10 227.00 0.567 times
11 Fri Nov 2022 241.90 240.60 244.40 232.30 1.55 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

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
17 Thu Nov 2022 229.85 231.75 244.40 227.00 0.658 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 19, 22, 8 Sell
MACD 12, 14Sell
Stochastics 14Sell
CCI -129Sell
RSI 46Sell
OBV 313240Sell
VWAP 236Sell
ADL 0Sell
ROC -3Sell
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 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 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.

Rk Forgings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a SELL signal for Rk Forgings in short term and SELL signal is strong!

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

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 235.99 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme