RKFORGE Positional Buying setupAll levels are marked on the chart.
All Charts are for educational purposes. Non-advisory, discretional.
RKFORGE trade ideas
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
