Wolf-AD7

Radico Khaitan - Set to create new All-Time Highs

Long
NSE:RADICO   RADICO KHAITAN
Inverted Head & Shoulders = Bullish Reversal. Successful re-test of neckline.

No immediate resistance. Increase in Volumes.

Venturing into All-Time High Territory, also known as "Price Discovery Zone" wherein fundamentals will drive how far the push will go.

On the fundamental side, positive developments include:
1) Gradual re-opening of lockdowns and recent news regarding Delhi permitting home delivery of liquor.
2) Company's plans to tap further into premium and luxury liquor brands.
3) Company's backward integration to protect against raw material inflation .

#NFA #DYOR.

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.