RK forgings for positional Please note this is for education purpose only.please do own research before you take a trade.
RKFORGE trade ideas
Ramkrishna Forgings LimitedRKFORGE:- Rounding bottom pattern has formed, keep your eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
38# Ramakrishna ForgingsNSE:RKFORGE Looking Good as
1. Rounded Bottom Formation
2. Bullish Crossover: Weekly EMA 20 Above Weekly EMA 50
3. Breakout with Huge Volume
4. Stock at all time high in unchartered territory
if you liked it please don't forget to follow me
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
RKFORGE | Good for Long |DIWALI PICKNSE:RKFORGE
Reason for Trade : WEEKLY SUPPORT / ROUNDING BOTTOM
Cmp : 229
Entry : Cmp or near Support 215
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
Buy Today, Sell Tomorrow: RKFORGEDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in RKFORGE
Buy Today, Sell Tomorrow: RKFORGE
RKFORGE - Ichimoku Bullish Breakout Stock Name - Ramkrishna Forgings Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 232
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Inverse Head and Shoulder in RK ForgeChart -> RK Forge Weekly
The stock has given an inverse head and shoulder breakout with volume build-ups. Keep it on your radar!
CMP: 229
Good range: Around 212
Targets: 252, 280
SL: 199 Weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
RKFORGE - Ichimoku Bullish Breakout Stock Name - Ramkrishna Forgings Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 228
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
RAMAKRISHNA FORGINGPrice Comming Out Of Cup & Handle Pattern.
Keep Stop Loss Below The Low Of Break Out Candle.
spotting resistance level on a reversal trendstock has formed a rounding bottom and is likely to form a cup and handle pattern after hitting resistance.
RKForge: Forming inverse head and shoulder pattern on DTFRK forge is forming inverse head and shoulder pattern on daily time frame. Keep on radar for breakout & daily closing above 216.
RKFORGE - Ichimoku Bullish Breakout Stock Name - Ramkrishna Forgings Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 213
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
YR 2022 Idea #96: Long on RKFORGE This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
RKFORGE | Trendline breakout - Looks potential for 30%RKFORGE | Trendline breakout - Looks potential for 30%
CMP : 190 (Dip : 185)
SL : 175
Target : 240
1:4+ risk reward setup
RAMKRISHNA FORGINS - BULLISH PATTERNRamkishna Forgins seems like a Double bottom pattern in daily chart. It's strong bullish pattern. If breakout the neckline & price sustain above 170 in daily frame, It will be move upwards. It is good option for swing traders.
RKFORGE | Strong support zone - Potential for 20%RKFORGE | Strong support zone - Potential for 20%
CMP : 1020 (Dip : 980)
SL : 920
Target : 1230
Almost 1:4 risk reward setup
Hope to see the target on or before 15th Feb.
Inverse Heald & Shoulder Base Breakout + RSI Divergence Accumulate
Positional Pick !!
Excellent fundamentals with Good Order Book.
