RK Forgings , a key player in the forging industry, is showing technical indicators that suggest a promising swing trade opportunity. Reasons are listed below : 850 Resistance Turned Support : The 850 level, previously a strong resistance, has now turned into a robust support level, indicating a potential floor for the stock price. Bullish Engulfing Candle...
POSITIVE POINTS:- Strong buying Force. Trading in a narrow range. High relative strength. Took support from 50EMA & now above 20EMA. Volume contraction & institutional footprints visible. NEGATIVE POINTS:- Overall market condition is not favorable for breakout trading. Key indices are near 50EMA, there could be a potential break down in the coming days. No follow...
#RKFORGE Stock made a nice run since Jun’22 and gave 5x returns; has been in consolidation mode since then for about 290 days. Breaking out now with crazy volumes not seen in 2024. Looks good for more upside. Measured Target for this is about 34% which is also the length of the consolidation range.
Consider a compelling swing trade opportunity in Ramkrishna Forgings Limited , a leading manufacturer of automotive components in India, catering to both domestic and international markets. Testing Strong Resistance Zone : The price range of 750-770 has been tested multiple times and is currently attempting to breach it, indicating potential bullish...
Take long entry once it closes above the resistance line on daily close basis.
sl can place on weekly close below 570 , been a long runup so some consolidation likely
DCM 97.05 TGT 200 SL 70 RETURN 100% RR >3.7 TF <12M Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return...
all targets have completed in RKFORGE. follow for more swing trade stocks
RKFORGE march 2022 profit increase and making a good pattern for buying Buy: 165 Targrt: 200, 213, 250 SL: own
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
A 3.5-year base breakout is seen in RK FORGE. It's also breaking out relative to the NIFTY SMALLCAP 100 Index. I'm long from around the 900 levels for an initial target of 1345. Stop-loss can be a weekly closing under 680; making the risk-reward a little more than 1:2. Not investment advice. This is only for educational and entertainment purposes. Please refer...
NSE:RKFORGE Bullish contination pattern , looking for all time high , volu,es supported
Best for Swing traders. Can keep SL from 560 to 570.