(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 2022-11-21 View latest technical analysis
10 day averaged volume of Rk Forgings is 88085
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Mon Nov 2022 | 221.45 | 226.35 | 226.50 | 220.55 | 0.255 times |
| 18 Fri Nov 2022 | 226.85 | 231.25 | 231.25 | 223.95 | 0.198 times |
| 17 Thu Nov 2022 | 229.85 | 228.35 | 231.05 | 228.00 | 0.233 times |
| 16 Wed Nov 2022 | 228.35 | 230.75 | 235.70 | 227.00 | 1.549 times |
| 15 Tue Nov 2022 | 231.20 | 239.60 | 239.60 | 230.00 | 0.589 times |
| 14 Mon Nov 2022 | 237.95 | 241.90 | 244.10 | 235.00 | 1.053 times |
| 11 Fri Nov 2022 | 241.90 | 240.00 | 244.40 | 239.10 | 0.937 times |
| 10 Thu Nov 2022 | 239.05 | 236.00 | 239.75 | 232.30 | 0.583 times |
| 09 Wed Nov 2022 | 237.90 | 237.20 | 244.30 | 235.60 | 3.939 times |
| 07 Mon Nov 2022 | 237.90 | 240.60 | 240.85 | 235.85 | 0.573 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 219, for a target of 226 or 231.79
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 | 220.55 |
| 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 | 219.17 |
| Downside Intraday Target | 216.88 |
| Upside Intraday Target | 225.12 |
| Upside Intraday Target | 228.78 |
| Upside Intraday Target | 222.83 |
Weekly technical analysis of Rk Forgings (RkForgings)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Mon Nov 2022 | 221.45 | 226.35 | 226.50 | 220.55 | 0.07 times |
| 18 Fri Nov 2022 | 226.85 | 241.90 | 244.10 | 223.95 | 0.6 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 |
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 Mon Nov 2022 | 221.45 | 231.75 | 244.40 | 220.55 | 0.684 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 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 | 16, 28, 27 | Sell |
| MACD | 9, 12 | Sell |
| Stochastics | 11 | Sell |
| CCI | -143 | Sell |
| RSI | 45 | Sell |
| OBV | -13524 | Sell |
| VWAP | 236 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| Force Index | 0 | Sell |
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 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 coming down
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 235.63 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.
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