(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 2022-11-29 View latest technical analysis
10 day averaged volume of Rk Forgings is 37790
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Tue Nov 2022 | 221.05 | 229.65 | 229.70 | 220.30 | 0.597 times |
| 28 Mon Nov 2022 | 227.50 | 216.30 | 228.80 | 216.30 | 0.481 times |
| 25 Fri Nov 2022 | 220.65 | 220.85 | 223.45 | 219.75 | 0.302 times |
| 24 Thu Nov 2022 | 219.35 | 220.10 | 222.50 | 218.00 | 0.376 times |
| 23 Wed Nov 2022 | 219.90 | 217.00 | 226.85 | 217.00 | 1.185 times |
| 22 Tue Nov 2022 | 219.00 | 222.35 | 228.25 | 217.65 | 1.076 times |
| 21 Mon Nov 2022 | 221.45 | 226.35 | 226.50 | 220.55 | 0.593 times |
| 18 Fri Nov 2022 | 226.85 | 231.25 | 231.25 | 223.95 | 0.462 times |
| 17 Thu Nov 2022 | 229.85 | 228.35 | 231.05 | 228.00 | 0.542 times |
| 16 Wed Nov 2022 | 228.35 | 230.75 | 235.70 | 227.00 | 3.61 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 222.5, but if it comes above 222.5, then a intra day buy could be more profitable.
If you take a sell trade below 222.5, then use 222.5 as stoploss and 213.4 as target. However if you take a buy trade in stock , then use 222.5 as stoploss and 230.04 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 | 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 | 215 |
| Downside Intraday Target | 208.95 |
| Upside Intraday Target | 228.4 |
| Upside Intraday Target | 235.75 |
| Upside Intraday Target | 222.35 |
Weekly technical analysis of Rk Forgings (RkForgings)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Tue Nov 2022 | 221.05 | 216.30 | 229.70 | 216.30 | 0.305 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 |
| 29 Tue Nov 2022 | 221.05 | 231.75 | 244.40 | 216.30 | 0.781 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, 17, 2 | Sell |
| MACD | 3, 5 | Sell |
| Stochastics | 29 | Sell |
| CCI | -12 | Sell |
| RSI | 46 | Sell |
| OBV | 131338 | Sell |
| VWAP | 225 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Rk Forgings ( (RkForgings) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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.
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 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 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 224.61 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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