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Technicals for Ramkrishna Forgings Limited
By MusingTheNews
2025-12-15 20:53
Overall Technical outlook
Price Summary
On 2025-12-10, RKFORGE's stock began at 522.1, peaked at 531.2, dipped to 517.55, and closed up 0.17% at 523.0, with a volume of 236103 shares. The stock's highest value over the last 52 weeks is 990.4, and the lowest value is 519.85. The expected price range is between 507.0 and 1111.0, with a mean anticipated price of 696.3333, according to 6 analysts.
Technicals
Support and Resistance: The current price of 523.0 for RKFORGE finds support at 519.85 and resistance at 537.1. These levels define a range in which the price might oscillate, with 519.85 as a potential support and 537.1 as a resistance level. Support/Resistance for RKFORGE
Aroon: The current reading of the AROON is neutral for RKFORGE, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Aroon chart for Ramkrishna Forgings Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Ramkrishna Forgings Limited
Parabolic SAR: The PSAR remains bearish for Ramkrishna Forgings Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise. Parabolic Stop and Reverse chart for Ramkrishna Forgings Limited
Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Stochastic chart for Ramkrishna Forgings Limited
Tripple Moving Agerage: The moving averages for the 20-50-100 periods indicate a bullish trend, though the slopes of the faster averages suggest that this trend may not last. The weakening signals from the shorter-term averages point to a potential reversal, indicating that the current upward momentum could be approaching a turning point. Tripple SMA chart for Ramkrishna Forgings Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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