Grasim Industries (₹3,105.35)

Set to resume rally

The stock of Grasim Industries appreciated by about 12 per cent in May. The upswing resulted in the breakout of the resistance band of ₹2,900 and ₹3,000. Nevertheless, after hitting a record high of ₹3,198.10 on May 18, the price moderated. From the current level, there could be some more correction in price. However, we anticipate the bulls to regain traction between the price band of ₹2,900-3,000 and embark on a fresh rally to ₹3,450. So, one can go long now at ₹3,105 and add longs at ₹2,950. Keep initial stop-loss at ₹2,780. When the price rises to ₹3,300 and ₹3,400, alter the stop-loss to ₹3,200 and ₹3,325. Book profits at ₹3,450.

Lupin (₹2,292.70)

Breakout anticipated

The stock of Lupin has been consolidating since March. Barring the brief rally to ₹2,492 in early May, it has largely been trading between ₹2,200 and ₹2,380. Nevertheless, the long-term trend is bullish and prior to the ongoing sideways trend, the scrip saw a good rally. Now that the stock has remained compressed for quite some time, we expect it to see a strong breakout anytime soon. Such a move can lead to a swift rally, potentially to ₹2,700. Therefore, traders can buy Lupin now at ₹2,292 and accumulate at ₹2,210. Place stop-loss at ₹2,100. When the stock rises to ₹2,450 and ₹2,625, revise the stop-loss to ₹2,300 and ₹2,500 respectively. Exit at ₹2,700.

Ramkrishna Forgings (₹592.05)

Signs of bullish reversal

The price action of Ramkrishna Forgings since August 2025 shows that the trend has largely been flat. However, by taking a closer look, we can see bullish signals emerging. The weekly chart shows a confirmation of a double-bottom chart pattern and recently, the stock has formed a higher base at ₹550 where both 21- and 50-week moving averages coincide. So, broadly, we can see higher high and higher low and a bullish reversal pattern. Therefore, the potential for a rally is high. We expect the stock to touch ₹780. Buy at ₹592 and ₹550. Stop-loss can be ₹500. On a rally to ₹670 and ₹730, revise the stop-loss to ₹600 and ₹680 respectively. Exit at ₹780.

Published on June 13, 2026