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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 2022-11-25 View latest technical analysis

10 day averaged volume of Rk Forgings is 52359

Date Daily Closing Price Open High Low Volume
25 Fri Nov 2022 220.65 220.85 223.45 219.75 0.218 times
24 Thu Nov 2022 219.35 220.10 222.50 218.00 0.271 times
23 Wed Nov 2022 219.90 217.00 226.85 217.00 0.855 times
22 Tue Nov 2022 219.00 222.35 228.25 217.65 0.777 times
21 Mon Nov 2022 221.45 226.35 226.50 220.55 0.428 times
18 Fri Nov 2022 226.85 231.25 231.25 223.95 0.334 times
17 Thu Nov 2022 229.85 228.35 231.05 228.00 0.392 times
16 Wed Nov 2022 228.35 230.75 235.70 227.00 2.605 times
15 Tue Nov 2022 231.20 239.60 239.60 230.00 0.99 times
14 Mon Nov 2022 237.95 241.90 244.10 235.00 1.771 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 222.8, but if it comes above 222.8, then a intra day buy could be more profitable.
If you take a sell trade below 222.8, then use 222.8 as stoploss and 213.9 as target. However if you take a buy trade in stock , then use 222.8 as stoploss and 230.24 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 206.75
Downside Target 214.15
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 215.68
Downside Intraday Target 210.72
Upside Intraday Target 226.93
Upside Intraday Target 233.22
Upside Intraday Target 221.97

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
25 Fri Nov 2022 220.65 226.35 228.25 217.00 0.419 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
25 Fri Nov 2022 220.65 231.75 244.40 217.00 0.755 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 12, 23, 30 Sell
MACD 3, 7Sell
Stochastics 11Sell
CCI -68Buy
RSI 45Sell
OBV 151866Sell
VWAP 228Sell
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 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 weakening, and bulls are picking up momentum!

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 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 228.16 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

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Daily charts

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Daily chart

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