India, May 12 -- A broadening wedge pattern is a bullish pattern marked by widening price swings, indicating increasing volatility and strengthening buying momentum. The chart shows a confirmed bullish breakout above the resistance neckline. Supported by volume surge and points to a potential short-term upward move.

Ramkrishna Forgings Limited gave a strong bullish breakout on 28th April 2026, sustaining over the key support line Rs 588 neckline resistance, which has now turned into a crucial support zone on the daily chart, signalling continued upward momentum.

In a broadening-wedge pattern, traders often typically target the nearest resistance level, and the stop loss will be under the support level.

Indicator Confirmation RSI: The...