RADICO (Radico Khaitan Ltd) has recently shown a moderate recovery after a corrective phase, supported by buying interest near major moving average support zones. Price action indicates consolidation with a slight bullish bias, as the stock is forming higher lows and attempting to break key resistance levels. RSI momentum is gradually improving from oversold territory, while MACD and Stochastics reflect early signs of upside momentum, though not yet confirmed by strong volume.
Short-term trend remains cautious but positive as long as the stock holds above its 20-day moving average. Immediate resistance levels are observed at previous swing highs, with successful breakout likely to trigger a fresh upward move. Conversely, a sustained drop below recent support could restart the corrective trend. Price action near channel boundaries and reaction to news/events may create short-lived volatility, but the overall bias is shifting towards accumulation and gradual recovery unless a sharp downside reversal occurs.
Short-term trend remains cautious but positive as long as the stock holds above its 20-day moving average. Immediate resistance levels are observed at previous swing highs, with successful breakout likely to trigger a fresh upward move. Conversely, a sustained drop below recent support could restart the corrective trend. Price action near channel boundaries and reaction to news/events may create short-lived volatility, but the overall bias is shifting towards accumulation and gradual recovery unless a sharp downside reversal occurs.
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.