Big Movers on D-Street: What should investors do with Ramkrishna Forgings, Ashok Leyland and Kalyan Jewellers?

Benchmark indices closed near all-time highs supported by healthy FII buying. Ramkrishna Forgings’ and Kalyan Jewellers’ shares are poised to climb higher on bullish technical setups. Ramkrishna Forgings has formed an upward channel pattern on the daily chart and is trading above all important moving averages, while Kalyan Jewellers has witnessed a breakout of a triangle pattern after a long consolidation. Ashok Leyland’s shares are also lucrative for long-term investors, as it is forming a triangle pattern and a breakout of an inverse head & shoulders pattern with strong volume was observed.

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