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
The 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
-ready to break upper trendline with volume
-rsi already broken trend
- strong reversal candles from lower support zone
-keep in radar it can give decent return
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
This is the analysis of Ramkrishna Forging.
The stock has come to limelight after reporting good quaterly report and an outstanding performance over past few weeks.
The details of the analysis as follows:
CMP- 768
Target- 800
Stoploss- 735
Duration- 2-3 weeks.
let me know what you think.
The script is a very good retracement from the day candlepin bar of support 663. And also a very good uptrend in day candles from the support of 627. Possible to break the day consolidation resistance of 745? If it sustains above in day open and close of resistance 745 it will reach the target of 866. Q2 result is good.
Long Ramakrishna all important levels has given on the charts. Support taking 50 EMA on daily charts as well as stock near the breakout of the resistance area. Entry to be taken after the breakout. Good risk to reward trade. This is for your educational purpose only.
RKFORGE :-
TIME Frame : Weekly
1. AB=CD pattern running
2. Broken resistance at 286 298
3. Price Rising trend with positive volume buildup
4. Support at 245 248
IDEAs :- Buy in dip with stop 245 for upside 324 348 375+++
View only for Education purpose.
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
RKFORGE is under a strong uptrend. Possible to break out an uptrend channel with a strong volume increase. If it opens above 416 and sustain above 439 in day time frame it will reach the first target of 478 and second target of 522
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...
