#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
Buy With Stoploss below 940 Target 1100 and 1180.
Buy With Stoploss below 940 Target 1100 and 1180. Buy With Stoploss below 940 Target 1100 and 1180. Buy With Stoploss below 940 Target 1100 and 1180. Buy With Stoploss below 940 Target 1100 and 1180. Buy With Stoploss below 940 Target 1100 and 1180.
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.
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...
#RKFORGE
1D
BREAKOUT accumulation phase
High volumes
Re-test
Buy according to your system
Target 700/750/800++
View negated if daily close below 595
T.F. 2-3 Months
#CHARTVIEW
#POSITIONAL
RKFORGE
RKFORGE stock had been consolidating in Darvas box for the last 4 months. In the 10 May trading session, the stock has given the breakout with very high volumes. Whenever any stock gives Darvas box breakout, that Stock gives a very good return.
Support Zone = 617
If you do want to buy this stock, wait for price retracement. Buy for the swing trade and...
RKFORG | Flag breakout opportunity (Small position size please) - Looks good for 40%
Taking based on only technical chart setup - Fundementally slightly weak company as EPS is in negative.
Similar to WELSPUNIND, TATACOFFEE patterns.
CMP : 642 (Dip : 600)
SL : 540
Target : 850
Trading Range Breakout With very heavy volume.
Strategy : Buy on Pullback. if the trend is strong...Pullbacks may not be deep.
Buy Zone : 610-630 with Best Buy: 610-620.
Targets - T1: 700, T2: 800
SL: 564
PS: Trade at your own risk.
Ramkrishna Forgings Ltd. is a holding company, which engages in the manufacture of forgings. Its products include rolled, machined, and forged. Its applications include automotive, earth moving and mining, farm equipment, general equipment, railways, steel plants, and oil exploration. It operates through Forging Components, and Others segments. The company was founded by Mahabir Prasad Jalan on November 12, 1981 and is headquartered in Kolkata, India.
NSE
