Ramkrishna Forgins: Up move likely to startUp move probably going to start in Ramakrishna Forgins. As you can see that there was a Consolidation phase for a month and now the Entry signal has come. It is also in the ATL which is also giving 2nd level confidence of its UpMove!! Targets are High. Play according to your risk appetite.
Ramakrishnaforgingsltd
#RKFORGE is breaking out of consolidation#RKFORGE
Stock made a nice run since Jun’22 and gave 5x returns; has been in consolidation mode since then for about 290 days.
Breaking out now with crazy volumes not seen in 2024. Looks good for more upside.
Measured Target for this is about 34% which is also the length of the consolidation range.