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 2022-11-30 View latest technical analysis

10 day averaged volume of Rk Forgings is 34860

Date Daily Closing Price Open High Low Volume
30 Wed Nov 2022 220.35 221.30 225.35 219.65 0.544 times
29 Tue Nov 2022 221.05 229.65 229.70 220.30 0.647 times
28 Mon Nov 2022 227.50 216.30 228.80 216.30 0.522 times
25 Fri Nov 2022 220.65 220.85 223.45 219.75 0.328 times
24 Thu Nov 2022 219.35 220.10 222.50 218.00 0.407 times
23 Wed Nov 2022 219.90 217.00 226.85 217.00 1.285 times
22 Tue Nov 2022 219.00 222.35 228.25 217.65 1.166 times
21 Mon Nov 2022 221.45 226.35 226.50 220.55 0.643 times
18 Fri Nov 2022 226.85 231.25 231.25 223.95 0.501 times
17 Thu Nov 2022 229.85 228.35 231.05 228.00 0.588 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 221.6, but if it comes above 221.6, then a intra day buy could be more profitable.
If you take a sell trade below 221.6, then use 221.6 as stoploss and 212.3 as target. However if you take a buy trade in stock , then use 221.6 as stoploss and 229.26 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 214.53
Downside Intraday Target 208.72
Upside Intraday Target 227.93
Upside Intraday Target 235.52
Upside Intraday Target 222.12

Weekly technical analysis of Rk Forgings (RkForgings)

Date Weekly Closing Price Open High Low Volume
30 Wed Nov 2022 220.35 216.30 229.70 216.30 0.447 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 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
30 Wed Nov 2022 220.35 231.75 244.40 216.30 0.793 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 15, 16, 4 Sell
MACD 2, 5Sell
Stochastics 33None
CCI -46Sell
RSI 48Sell
OBV -30135Sell
VWAP 222Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Rk Forgings ( (RkForgings) ) based on a short 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 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 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 gaining momentum.

MACD generated a SELL signal for Rk Forgings in short term but the sell signal is initial and weak.

Rk Forgings Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but selling is losing 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 222.05 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 negative.

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