RKFORGE trade ideas
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
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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.
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 .