Radico Khaitan-Bullish-Will this beverage stock takes rally now?

Aug 25

RADICO

25.08.2024
Buy- 1845
Target-2002
Stop Loss-1739
Risk Reward- 1:1.5

1.Breakout- Parallel resistance breakout. Biggest green candle in last 8 months
2.Trend- Consolidation(Sideways) from 8 months.
3.KeyLevel- At resistance
4.Volume- Volumes increasing in bullish & good volumes in breakout candle
5. EMA- Above 21 & 50 EMA. 200 EMA Rejection
6. RSI-Bullish divergence found
7. Chart Petter- W Pattern formation. Expected to give good breakout

Aug 28

Trade active

Active

Aug 30

Trade active

Very good move. Hope to reach the target in next few sessions

Sep 2

Trade closed: target reached

As mentioned in above update, target has reached in next session itself.
11% up in 6 sessions.
It is good to hold for short term view.