Shown above is the 60 minutes chart of
Ramkrishna Forgings. As we can see the stock has given a breakout of a channel with higher volumes in which it was trading from some days. It has also given a breakout in its daily and weekly time-frame charts. The moving averages are in line to support the uptrend. Therefore, I suggest to buy the stock above 582 for targets of 592-595, above which the stock can head for levels of 600. One should maintain a strict stop loss below 560.
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