Technical Breakout Stocks: How to trade Rail Vikas, BEML and HDFC AMC on Monday?

Rail Vikas Nigam has established a strong resistance zone between Rs 420 and Rs 425 on its daily chart, where significant buying activity has been propelling the stock upwards.

Technical indicators indicate the stock will likely continue its journey on the upside. The near-term target is Rs 580, and a stop loss can be placed below Rs 445.

After a period of strong consolidation, BEML broke out of its range, showing significant bullish momentum and indicating that buyers are in control.
However, strong selling pressure at higher levels created a long upper wick on the candlestick, signaling momentum exhaustion.

HDFC Asset Management Company has achieved a significant milestone by reaching its 52-week high, marking one of its highest closings ever.
The bulls have maintained their dominance. The RSI is trading above its moving average and moving upward, indicating continued upward momentum in the near term.

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