Ramkrishna Forgings – Technical Analysis

The stock

is trading around ₹724 on the daily chart. The stock has shown a strong recovery from the ₹470–500 zone and recently moved sharply higher with increased volume. Price crossed the earlier ₹600–650 consolidation area and reached around ₹760 before facing selling pressure. The recent candles show consolidation near ₹700–750 after the sharp rise. Support & Resistance: Immediate support is around ₹690–700 followed by ₹650–660. The ₹600–620 zone is a stronger support area based on the previous consolidation. On the upside ₹750–760 is the immediate resistance zone. Above this ₹800–820 is the next major resistance area. Short-Term Buyers & Holders View: The recent structure remains positive as long as price holds above ₹690–700. A sustained move above ₹750–760 with stronger volume can improve momentum and bring the ₹800–820 resistance zone into focus. If price breaks below ₹690, a pullback towards ₹650–660 can be seen. A break below ₹650 would weaken the recent recovery structure. Holders can monitor these support and resistance levels for confirmation of the next move.