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RKFORGE - CLEAN BREAKOUT WITH VERY CLOSE 50/200 SMA
RAMKRISHNA FORGINGS LTD
Long
Editors' picks
RKFORGE - CLEAN BREAKOUT WITH VERY CLOSE 50/200 SMA
By Stock-n-Shine
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Updated
Jul 3
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Jun 20
A very positive breakout where all the moving averages converge & then expand.
1 Yr Breakout with strong sectoral tailwinds as all forging stocks doing well
Strong upsurge in Volume indicates sustained price action upside from the present levels
Supply and demand zones clearly marked in the chart with no extra indicators to cause any confusion.
Jun 21
Trade active
On the move
Jun 23
Trade active
20 Jun Closing Price - 871.95
21 Jun made a high of 930 (near to 60 pts - 6.4%) and closed at 899.1 (3.11%) due to profit booking in the broader market
Jul 3
Trade active
3.5% UP, REACHED 950
KEEP TRAINLING SL
Demand Zone
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Supply Zone
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