#rkforge RK FORGE Nice portfolio pick with strong orderbook and good fundamental. Already invested, will add more between 890-840 levels for.long term #vr
Sales have increased by 264.57% in current quarter and company has posted a profit from loss last year. Hitting a new 52 week high after consolidating for a few weeks.
As the chart shows RK Forging has cleared 4 month old resistance at 615 this week. The breakout happened middle of last week and the stock managed to hold above the resistance level of 615 and closed at 647 this Friday with very high volumes. One can go long in this stock with possible targets at 705 and 850 both of which are important levels for this stock from...
NSE:RKFORGE Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
Simple price action analysis . Just riding on a Breakout.
#RKFORGE CMP 618 Stop Loss below 560 Multiple resistances broken in the range of 610 to 615 Breaking out of 4 month long rectangle consolidation/formation Nice volume spurt Positive breakout May fire for an upside of 22% considering the rectangle mouth length Disclaimer - - The view expressed here are my personal views. I am publishing this for my own...
this stock has given breakout of a range and than did pullback and now again on verge of breakout. next resistance is at 720. buy above 671 in intraday and Swing for Swing stoploss is 600 day closing basis For Intraday- keep qty less as this stock is not very liquid. For Stoploss use 5 minute chart and see nearest support. for target also use 5 min chart and...
buy rkforge above 661 for swing trade sl below 600 DCB
After four months of the consolidation zone, It has given Breakout with a v. good delivery volume. All oscillators are in bullish bios. ADX is indicating strength in the up move. We can expect price movement up to 740 in the near term, And 775 to 820 in Mid Term time frame.