RKFORGE trade ideas
RKFORG | Flag breakout opportunity (Small position size please)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
RKFORGE - new 2021 closing highAs the chart shows RK Forging has cleared 4 month old resistance at 615 this week. The breakout happened middle of last week and the stock managed to hold above the resistance level of 615 and closed at 647 this Friday with very high volumes.
One can go long in this stock with possible targets at 705 and 850 both of which are important levels for this stock from the 2018 bull market. A WCB SL of 615 (current breakout level) is ideal.
PS: RK Forging is an illiquid stock with fairly low volumes, please trade accordingly.
'RKFORGE' trading opportunity Buy/Sell only on given levels.
The above chart is only for educational purpose.
Make sure you don't trade blindly, reanalyze and trade.
RKFORGE: NEAR BREAKOUT
NSE:RKFORGE
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
RKFORGE Rectangle Consolidation Breakout#RKFORGE CMP 618
Stop Loss below 560
Multiple resistances broken in the range of 610 to 615
Breaking out of 4 month long rectangle consolidation/formation
Nice volume spurt
Positive breakout
May fire for an upside of 22% considering the rectangle mouth length
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
watch for swing high breakoutthis 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 fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
RAMKRISH FORGE ...Swing TradeSL-563
CMP-637
DISCLAIMER-Consult your financial advisor this is only for education purpose
Breakout in RKFORGE
#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 - Darvas Box Breakout 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 hold for the next 1 to 3 months. This stock definitely will give you good returns.
If you like my idea then please follow me on the trading view
Keep learning and keep growing
Thank you
RKFORGE Breakout on Weeklyit has given consolidation breakout on weekly chart with good volume.
RSI is above 60 on weekly chart.
eyeing for 730-750
R K Forge - Flag BreakoutStock has given a Flag Breakout after a long consolidation with good volumes.
Chart - For educational Purpose only
Bullish: Range breakout Midterm to longer term.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.
Mutliyear BO in RK forgRK Forg , the stock has been trading in this channel right from Jan 2021. Yesterday stock gave channel BO along with volume BO. Highest volume were registered after 2019 , 10 times the avg daily volume. Since auto ancillary stocks like Mothersumi , Bosch are performing , this stock should be under radar.
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 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.
