RK FORGINGS CMP 850 Stop 720 Target 1200 plus Monthly chart 1) Stock has completed a W pattern breakout last month with above average volumes. Rising leg of the W pattern has seen significant increase in volumes. 2) Stock has been consolidating this month as seen from low volumes and low volatility. 3) W pattern breakout accompanied with spike in RS above its MA and also other oscillator parameters in line (MACD etc.).
like you have long targets n deep stop losses so one has to hold the stock for a longer period , how much weightage do you give to fundamentals of the companies you mention ?