RKForge: Strong Bounce backRKForge :
Bouncing back currently from Strong support zone
Multiple bounces from same zone earlier
Sustaining 700 is crucial, support at 650
RKFORGE trade ideas
Buy RKForge above 1040 Target 1120 SL 998Buy Ramakrishna Forging above 1140 SL 998 Target 1120
Vloume on 15-10-2024 was 3 X of average volume, trendling breakout as per chart & stong outlook
Company has delivered good profit growth of 23.2% CAGR over last 5 years
Debtor days have improved from 102 to 78.4 days.
Company's median sales growth is 23.9% of last 10 years
Company's working capital requirements have reduced from 117 days to 88.6 days
#investing #nseindia #Bseindia #RKforge
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
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 Support in RKFORGE
BUY TODAY SELL TOMORROW for 5%
RKF looking Good in This Weak MarketNSE:RKFORGE today gave a pullback from the demand zone with heavy volumes and RSI and MACD showing Bullishness.
Ramkrishna Forgings cmp 957.10 by Weekly Chart viewRamkrishna Forgings cmp 957.10 by Weekly Chart view
- Price Band 880 to 905 Support Zone
- Next Support Zone at 695 to 720 Price Band
- Price shouldering along Rising Support Trendline
- Price has sustained above Falling Resistance Trendline
- Volumes surged heavily last week Friday by a demand based buying
- Weekly Support at 880 > 788 > 695 with Resistance seen at 995 > ATH 1065.05
- Technical Indicators inching towards positive mode for MACD, RSI and Price trending above EMA 21, 50, 100, 200
RK FORGE READY TO MOVE Looks Good on chart...in the Buying will try to accumulate the stock for the ATH. Flag pattern formation on chart...Vol. flat when price fall...Trending Sector - Metal Sector
Swing trade idea for 20 to 25 % gainhere the swing trade idea for new traders to learn swing trade. how to trade breakout trades ? explained fully here. #swingtrade #nifty50
RAMKRISHNA FORGINS - Swing Trade Analysis - 21st April #stocksRAMKRISHNA FORGINS (1W TF) - Swing Trade Analysis given on 21st April, 2024
Pattern: AT WEEKLY RESISTANCE BREAKOUT LEVELS
- Volume Buildup at Resistance - Done ✓
- Weekly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
RKFORGE - CLEAN BREAKOUT WITH VERY CLOSE 50/200 SMAA very positive breakout where all the moving averages converge & then expand.
1 Yr Breakout with strong sectoral tailwinds as all forging stocks doing well
Strong upsurge in Volume indicates sustained price action upside from the present levels
Supply and demand zones clearly marked in the chart with no extra indicators to cause any confusion.
RKFORGEI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found RKFORGE ,which has given breakout in Daily along with good volumes, Based on volume and current price action movement in the RKFORGE chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
RKFORGE - 10 Months Consolidation Breakout / All Time HighRamkrishna Forgings Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (August, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (1100 - 22.30% from the price 899.10).
4) Recommendation - Strong Buy.
Amazing breakout on Weekly / Daily Timeframe - RKFORGECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Two ConformationGood volume build in daily and weekly timeframe.
Support taken at 200ema except volatility.
Breakout of trendline and ATH in daily and weekly time frame with good volumes.
NOTE: I do my analysis, do yours before trade.
Rk forging (going to be RocKing Forge) RK forge going to be RocKing forge
Looks good in Parabolic uptrend pattern.
Time Frame Monthly.
On closing above 813+ in monthly chart makes it more bullish and can rally to
Tgt 1 : 1298±
Tgt 2 : 1500±
Shared it for EDUCATIONAL purpose based on chart pattern and My STUDY.
Do your analysis from your side too.
This is not a BUY or SELL RECOMMENDATION from my side.
Trendline Breakout in RAMKRISHNA FORGINGSTrendline Breakout
RSI above 65 and rising
Trading above EMA50
Volume spurt
6+ months of consolidation
Disc: for study, not a recommendation
Long Term oppotunityRK forgeins had published an article that they are collaborating with USA's biggest Electric automaker i.e. Tesla so stock may rally if tesla comes to India
Long RKFORGINS after breakout📈See the chart, keep it clean. See the chart, keep it clean. See the chart, keep it clean. See the chart, keep it clean.
Setting up Nicely
RKFORGE
+ Strong Prior Uptrend followed by a good base
+ Good Volume Buildup
+ Trading above Key EMAs
+ 5 IBs with decreasing Volume
-: Not a Buying recommendation
RAMKRISHNA FORGINGS READY TO FORGE COLOSSAL RETURNSThe stock has been in a unstoppable rally which persisted for quite long and gave more than 200+% returns however lately the stock has consolidated and i think this is the calm before the storm it can start another dream rally . immediate and near term targets for the stock can be 1000 levels however in the long run it has more hidden potential
