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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 2022-11-28 View latest technical analysis

10 day averaged volume of Rk Forgings is 45244

Date Daily Closing Price Open High Low Volume
28 Mon Nov 2022 227.50 216.30 228.80 216.30 0.402 times
25 Fri Nov 2022 220.65 220.85 223.45 219.75 0.252 times
24 Thu Nov 2022 219.35 220.10 222.50 218.00 0.314 times
23 Wed Nov 2022 219.90 217.00 226.85 217.00 0.99 times
22 Tue Nov 2022 219.00 222.35 228.25 217.65 0.899 times
21 Mon Nov 2022 221.45 226.35 226.50 220.55 0.495 times
18 Fri Nov 2022 226.85 231.25 231.25 223.95 0.386 times
17 Thu Nov 2022 229.85 228.35 231.05 228.00 0.453 times
16 Wed Nov 2022 228.35 230.75 235.70 227.00 3.015 times
15 Tue Nov 2022 231.20 239.60 239.60 230.00 1.146 times

My analysis of stock is bearish for shortterm, and stock might move down till 223.2 or till 214.5. Use a stoploss of 230.46 and if the stock hits stoploss, then it can shoot up till 237.73

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 223.15
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 219.6
Downside Intraday Target 211.7
Upside Intraday Target 232.1
Upside Intraday Target 236.7
Downside Intraday Target 224.2

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
28 Mon Nov 2022 227.50 216.30 228.80 216.30 0.136 times
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

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
28 Mon Nov 2022 227.50 231.75 244.40 216.30 0.766 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 17, 19, 5 Sell
MACD 4, 6Sell
Stochastics 23Sell
CCI -17Buy
RSI 48Sell
OBV 120390Sell
VWAP 226Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 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 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 above 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 but selling is losing 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 225.72 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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