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Stock analysis Ramkrishna Forgings Limited RKFORGE

More indepth analysis on MunafaSutra.com

Moving Averages for Ramkrishna Forgings Limited

  • 5Day Average: 937.36
  • 12Day Average: 941.15
  • 20Day Average: 931.87
  • 50Day Average: 968.72
  • 100Day Average: 945.63
  • 150Day Average: 881.8
  • 200Day Average: 839.92

RKFORGE Indicators & signals

Indicator MACD (12,26,9)

941.34, 947.79, -8.91
Indicator MACD is in negative zone

Indicator ADX (14)

5.28, 26.26, 23.63
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 37
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of RKFORGE Ramkrishna Forgings Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 946.85 939.65 to 983.70 0.66% 3.29 times
18 Mon Nov 2024 940.60 934.85 to 958.40 0.85% 1.04 times
14 Thu Nov 2024 932.70 923.00 to 943.95 1.07% 0.71 times
13 Wed Nov 2024 922.80 904.75 to 938.70 -2.23% 1.18 times
12 Tue Nov 2024 943.85 935.10 to 972.30 -2.18% 0.53 times
11 Mon Nov 2024 964.90 956.00 to 981.40 0.23% 1.32 times
08 Fri Nov 2024 962.65 954.35 to 979.70 0.09% 1.3 times
07 Thu Nov 2024 961.75 940.00 to 977.00 1.39% 1.22 times
06 Wed Nov 2024 948.55 919.55 to 949.90 3.14% 1.05 times
05 Tue Nov 2024 919.70 909.10 to 925.00 0.53% 0.78 times
04 Mon Nov 2024 914.85 908.10 to 940.05 -2.11% 0.87 times
01 Fri Nov 2024 934.55 926.10 to 942.55 1.49% 0.25 times

Technical analysis forecast of Ramkrishna Forgings Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Ramkrishna Forgings Limited RKFORGE at this time. Stock is rising and might rise more.

It appears as if Ramkrishna Forgings Limited RKFORGE gave a large move recently.

Stock of Ramkrishna Forgings Limited (RKFORGE) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Ramkrishna Forgings Limited is bullish for shortterm, and stock might move up till 968.3 or till 996.5. Use a stoploss of 944.8 and if this stock hits its stoploss, then it can fall down till 921.3

More indepth analysis on MunafaSutra.com