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Technicals for Ramkrishna Forgings Limited
By MusingTheNews
2025-10-17 20:53
Overall Technical outlook
Price Summary
With a -3.14% plunge, Ramkrishna Forgings Limited enjoyed a poor day in the stock market. On 2025-10-17, Ramkrishna Forgings Limited's stock began at 552.35, peaked at 553.95, declined to 531.65, and ended the day -3.14% lower at 535.0, with 410764 shares traded. The stock reached its highest price of 1020.9 and lowest price of 519.85 over the last 52 weeks. Based on recommendations from 6 analysts, the future price of RKFORGE is expected to range from 540.0 to 1111.0, with an average price expectation around 747.8333.
Technicals
Support and Resistance: The price for RKFORGE is 535.0, with support at 519.85 and resistance at 565.2. This suggests a range where 519.85 acts as a base, preventing declines, and 565.2 caps gains, defining key trading levels. Support/Resistance for RKFORGE
Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Aroon chart for Ramkrishna Forgings Limited
Bol. Bands: The current reading of the BOLL BANDS indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Bolinger Bands chart for Ramkrishna Forgings Limited
Parabolic SAR: The PSAR continues its bullish outlook, reinforcing a crucial support level that may help sustain the current upward trend. This support suggests that the market is likely to continue climbing, with the bullish momentum remaining strong. Parabolic Stop and Reverse chart for Ramkrishna Forgings Limited
Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for Ramkrishna Forgings Limited. This suggests a period of market balance, where neither side is showing dominance. Stochastic chart for Ramkrishna Forgings Limited
Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the slopes of the faster averages raise the possibility of a reversal for RKFORGE. The weakening momentum in these shorter-term averages hints that the upward trend might be losing strength, suggesting that caution may be warranted. Tripple SMA chart for Ramkrishna Forgings Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.
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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