Consider a compelling swing trade opportunity in Ramkrishna Forgings Limited , a leading manufacturer of automotive components in India, catering to both domestic and international markets. Testing Strong Resistance Zone : The price range of 750-770 has been tested multiple times and is currently attempting to breach it, indicating potential bullish...
Take long entry once it closes above the resistance line on daily close basis.
sl can place on weekly close below 570 , been a long runup so some consolidation likely
DCM 97.05 TGT 200 SL 70 RETURN 100% RR >3.7 TF <12M Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return...
all targets have completed in RKFORGE. follow for more swing trade stocks
RKFORGE march 2022 profit increase and making a good pattern for buying Buy: 165 Targrt: 200, 213, 250 SL: own
The 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...
A 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...
NSE:RKFORGE Bullish contination pattern , looking for all time high , volu,es supported
Best for Swing traders. Can keep SL from 560 to 570.