📊 RADICO KHAITAN LTD (RADICO) – Cup & Handle Breakout | Daily Chart
📅 Chart Date: June 4, 2025
📈 CMP: ₹2,670.80 (+4.78%)
📍 Ticker: NSE:RADICO
🔍 Technical Breakdown
☕ Cup & Handle Breakout Confirmed
A classic Cup & Handle formation has played out with a bullish breakout above the neckline near ₹2,640–₹2,670. The pattern is well-structured, showing clear accumulation followed by a rounded bottom and brief consolidation.
📏 Measured Target:
The height of the cup (~₹620) projects an initial target near ₹3,129, aligning closely with the 161.80% Fibonacci Extension level.
⚙️ Indicators Used
🔹 Chart Pattern: Cup & Handle
📐 Fibonacci Retracement & Extension
📊 Volume Spike: Strong breakout volume
📈 EMA Cluster: 20/50/100/200-day — bullish alignment
🟢 EMA Support: Price sustaining well above EMAs; 200 EMA ~₹2,000
📍 Key Price Levels
✅ Breakout Zone: ₹2,640–₹2,670
🚀 Upside Targets:
📈 127.20% – ₹2,853
📈 161.80% – ₹3,129
📈 200% – ₹3,352 (extended swing target)
🛡️ Support Levels:
₹2,467 – 78.6% Fibo
₹2,333 – 61.8%
₹2,145 – 38.2%
₹2,029 – 23.6%
🔻 Invalidation/Stop: Closing below ₹2,467 (strong Fibo + EMA support zone)
💼 Trading Strategy
Entry: On breakout retest or strong close above ₹2,670
Stop Loss: ₹2,467
Target Range: ₹2,853 – ₹3,129 – ₹3,350+
Timeframe: Short to medium term swing
⚠️ Disclaimer
This analysis is for educational purposes only. Please do your own research or consult a financial advisor before making trading/investment decisions.
📅 Chart Date: June 4, 2025
📈 CMP: ₹2,670.80 (+4.78%)
📍 Ticker: NSE:RADICO
🔍 Technical Breakdown
☕ Cup & Handle Breakout Confirmed
A classic Cup & Handle formation has played out with a bullish breakout above the neckline near ₹2,640–₹2,670. The pattern is well-structured, showing clear accumulation followed by a rounded bottom and brief consolidation.
📏 Measured Target:
The height of the cup (~₹620) projects an initial target near ₹3,129, aligning closely with the 161.80% Fibonacci Extension level.
⚙️ Indicators Used
🔹 Chart Pattern: Cup & Handle
📐 Fibonacci Retracement & Extension
📊 Volume Spike: Strong breakout volume
📈 EMA Cluster: 20/50/100/200-day — bullish alignment
🟢 EMA Support: Price sustaining well above EMAs; 200 EMA ~₹2,000
📍 Key Price Levels
✅ Breakout Zone: ₹2,640–₹2,670
🚀 Upside Targets:
📈 127.20% – ₹2,853
📈 161.80% – ₹3,129
📈 200% – ₹3,352 (extended swing target)
🛡️ Support Levels:
₹2,467 – 78.6% Fibo
₹2,333 – 61.8%
₹2,145 – 38.2%
₹2,029 – 23.6%
🔻 Invalidation/Stop: Closing below ₹2,467 (strong Fibo + EMA support zone)
💼 Trading Strategy
Entry: On breakout retest or strong close above ₹2,670
Stop Loss: ₹2,467
Target Range: ₹2,853 – ₹3,129 – ₹3,350+
Timeframe: Short to medium term swing
⚠️ Disclaimer
This analysis is for educational purposes only. Please do your own research or consult a financial advisor before making trading/investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.