RKFORGE i have found pattern be ready for it be ready breakout and breakdown to bearish or bullish i have mark level on chart
RKFORGE trade ideas
RKFORGEStock under parallel channel.
Can be traded for new swing upto 295+ levels.
SL: Closing below parallel channel.
RKFORGE rounding bottom breakoutCMP 252.80 | Retest possible around 240 and then bounce back | Entry levels 240-250
- breakout with volume
*Nor recommendation
RKFORGINS : Stock creating all time high#RKFORGE : Ramkrishna Forgins
TF : Monthly
Chart Type : Rounding Bottom
Weekly Resistance Break out with Vol Spike
Entry @CMP: 260,
Add more : 245-252
Target : 310-320
ROI : 40%++
#DYOR
RKFORGE Pulling BackGave Inverse H&S breakout with parallel channel supporting.
Broke out of channel after making high of 242.
RSI now strengthening again. Initial Target of 250 still looks intact.
#RKFORGINSLooks bullish in coming week
Inverse Head and Shoulder broken
No recommendation only my view based on my analysis
One should take their own decision.
ramakrishna forgins===good R:R===
consolidate
breakout soon
good volume
head and shoulder pattern
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High-Tension Alert! Lines In 1 WTF//RKF>Simple Triangle Pattern break-out!
>High-Tension Lines are also combined inside!
>Good Break of both the 20&50 day EMA's
Let's Watch!!!
RKForgeRkForge CMP 178
SL 140 WCB
Trgt 393, 500
There will be big demand coming in the product of company similarly revenue coming from exports is also increasing sequentially..
RKFORGE making a good buying setupRKFORGE march 2022 profit increase and making a good pattern for buying
Buy: 165
Targrt: 200, 213, 250
SL: own
Long RK ForgeInverted Head and shoulder pattern
Can be bought at breakout
Do your own research before #investing. For education purpose only🤞🏻🧿
RKFORGE - Retest Structure - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
RK FORGE BREAKOUTA 3.5-year base breakout is seen in RK FORGE. It's also breaking out relative to the NIFTY SMALLCAP 100 Index.
I'm long from around the 900 levels for an initial target of 1345. Stop-loss can be a weekly closing under 680; making the risk-reward a little more than 1:2.
Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
base on baseWhen the right side(min of 20%) is not in symmetrical to the left side. We can see a pull back instead of hurrying, can wait and enter a trade. It improves our win percentage.
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
Ramkrishna _ ForgingsThe firm is a supplier to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil and Gas, Power and Construction, Earth Moving and Mining. The company was founded by Mahabir Prasad Jalan on November 12, 1981 and is headquartered in Kolkata, India.
As per my analysis stock will reach around Rs. 711 within month .
Bullish consolidation after shallow retracementStock bounced from shallow retracement of 38.2 % fibo and now in consolidation phase
