(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 2022-12-01 View latest technical analysis
10 day averaged volume of Rk Forgings is 23115
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Dec 2022 | 223.70 | 218.60 | 225.00 | 218.60 | 1.154 times |
| 30 Wed Nov 2022 | 220.35 | 221.30 | 225.35 | 219.65 | 0.82 times |
| 29 Tue Nov 2022 | 221.05 | 229.65 | 229.70 | 220.30 | 0.975 times |
| 28 Mon Nov 2022 | 227.50 | 216.30 | 228.80 | 216.30 | 0.787 times |
| 25 Fri Nov 2022 | 220.65 | 220.85 | 223.45 | 219.75 | 0.494 times |
| 24 Thu Nov 2022 | 219.35 | 220.10 | 222.50 | 218.00 | 0.615 times |
| 23 Wed Nov 2022 | 219.90 | 217.00 | 226.85 | 217.00 | 1.938 times |
| 22 Tue Nov 2022 | 219.00 | 222.35 | 228.25 | 217.65 | 1.759 times |
| 21 Mon Nov 2022 | 221.45 | 226.35 | 226.50 | 220.55 | 0.97 times |
| 18 Fri Nov 2022 | 226.85 | 231.25 | 231.25 | 223.95 | 0.755 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 221 as stoploss in an intra day buy trade for a target of 228.64. However, stock will show a bearish move below 221.
Share price targets for Rk Forgings (RkForgings)
| Target Type | Value |
| Downside Target | 175.50 |
| Downside Target | 194.65 |
| Downside Target | 206.75 |
| Downside Target | 214.15 |
| Downside Target | 223.15 |
| Upside Target | 229.70 |
| 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 | 216.77 |
| Downside Intraday Target | 209.83 |
| Upside Intraday Target | 230.17 |
| Upside Intraday Target | 236.63 |
| Downside Intraday Target | 223.23 |
Weekly technical analysis of Rk Forgings (RkForgings)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Dec 2022 | 223.70 | 216.30 | 229.70 | 216.30 | 0.647 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 |
| 01 Thu Dec 2022 | 223.70 | 218.60 | 225.00 | 218.60 | 0.021 times |
| 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 |
Scroll below to view daily charts
Price has moved up 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 | 14, 16, 9 | Sell |
| MACD | 2, 4 | Sell |
| Stochastics | 34 | None |
| CCI | -9 | Buy |
| RSI | 48 | Sell |
| OBV | -56223 | Sell |
| VWAP | 222 | Buy |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Rk Forgings ( (RkForgings) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 221.56 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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