RK Forge - broke important resistanceBroke important resistance level
Formed flag pole pattern on weekly time frame
Upside momentum will continue.
Only for educational purpose. Trade at your own risk!!
RKFORGE trade ideas
RKForge BTST high volume and price increase most of the times opens gap up. buy today at 3:20pm and sell tomorrow at 9:15-9:20 am no matter what the price high risk high reward. only for risk takers.
RK Forge - CMP: 631After 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.
Rectangle Consolidation on RKFORGEWatch out on Breakout Confirmation: Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts.
Note: This is my analysis and do not recommend to anyone to take entry. Use your wisdom and analysis to take your entry.
RKFORGERKFORGE: Looking Good
Triangle Pattern Breakout 610
Buy Above 600 Add Until 540 Stop-Loss 530
Target 650-700-750-800++
Positional Call
50 TO 100% UPSIDE. #RAMKRISHNAFORGINGS #learningideaanother potential stock that can move 50 to 100% upside from entry. i took the position long back, im here to just explain why i took position in this
One Right Trade's Swing Trade Idea #181 : Long on RKFORGE This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
RKFORGE Positional Buying setupAll levels are marked on the chart.
All Charts are for educational purposes. Non-advisory, discretional.
RKFORGE Long SetupRKFORGE is trading in the channel and breakout is imminent
I would buy at CMP for
T1 = 899
T2 = 949 and more
SL1 = 822.1
SL2 = 799
RK FORGINGS - A PERFECT BULLISH SETUPRK FORGINGS
CMP 850
Stop 720
Target 1200 plus
Monthly chart
1) Stock has completed a W pattern breakout last month with above average volumes. Rising leg of the W pattern has seen significant increase in volumes.
2) Stock has been consolidating this month as seen from low volumes and low volatility.
3) W pattern breakout accompanied with spike in RS above its MA and also other oscillator parameters in line (MACD etc.).
@CNBC_Awaaz NavRatna - Diwali to Diwali Stock @hemant_ghai@CNBC_Awaaz NavRatna - Diwali to Diwali Stock
Target 680
