Shown above is the 60 mins chart of
Kohinoor Foods. The stock, in yesterday's trading session witnessed a huge rally driven by high volumes. Ending around 12% high the stock has given multiple breakouts as visible by line 1 and 2. For the past one year this stock was facing stiff resistance at 61 odd levels, but in yesterday's trading session it has surpassed the level on back of high volumes. Despite the current rally charts suggest that it has more room on the upside.The moving averages are well placed on daily and weekly charts. It seems like the stock has geared up for a big up move. But for the day buy the stock above 62.4 for targets of around 64.5-65.5 levels. Keep a strict stoploss below 60 levels. 
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