RK forge is forming inverse head and shoulder pattern on daily time frame. Keep on radar for breakout & daily closing above 216.
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...
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. ...
RKFORGE | Trendline breakout - Looks potential for 30% CMP : 190 (Dip : 185) SL : 175 Target : 240 1:4+ risk reward setup
Ramkishna 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.
Ramkrishna Forgings rests around ots support for the journey upwards.
#RKFORGE Target -1044+ SL-902 CPM:933 @ 9 February 2022
880 strong support zone breakout above 1200 immediate targets 1120
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.
levels on chart. inverted head and shoulder pattern.
Accumulate Positional Pick !! Excellent fundamentals with Good Order Book.
The stock is consolidating and today closed above 20/50/100 EMA with volume. Buy above resistance zone 990 (closing basis) for positional target of 1040 and 1075 Learn & Earn, Dr. Tanya Kumar
Ramkrishna Forge will break out of consolidation and will make new highs soon. Stock split & dividend will be decided by 18 Jan, till then am expecting good rally in the stock Good Luck
Strong Flag pattern with big Pole of 500 points.
#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.