Ramkrishna Forgings Limited – Recovery with Strong Buying Momentum

📊 Ramkrishna Forgings Limited – Recovery with Strong Buying Momentum The stock is showing a sharp bounce from lower levels, indicating early signs of recovery after a prior downtrend. 🔎 Technical Observations: • Previous downtrend with lower highs & lower lows • Formation of a base near demand zone • Strong bullish candle with volume spike (buying interest) • Price reclaiming short-term resistance levels • Momentum indicators turning positive 🔑 Key Levels to Watch: • Immediate Support: ₹542 – ₹515 • Major Support: ₹480 – ₹460 • Immediate Resistance: ₹569 – ₹597 🚀 Upside Targets: • ₹597 • ₹625 • ₹652+ 📉 Risk Scenario: Breakdown below ₹515 may weaken the recovery and push price towards ₹480 📈 Trading View: 👉 Stock is in early recovery phase after downtrend 👉 Strong move above ₹597 can confirm bullish continuation 👉 Volume support indicates potential upside strength ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊