RADICO
SHORT TERM IDEA OF THE MONTH // 01-03-2021 // NSE: RADICOSHORT TERM IDEA OF THE MONTH // Monday March 1st 2021 // NSE:RADICO
// This is a Long Term Investment Idea and not a swing trade call nor an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few weeks. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 569.65
TARGET: 800+ (40% Around)
STOP LOSS: 427 (25% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on 40% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 4-6 Months, the suggested time frame is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
RADICO KHAITAN - AT THE EDGE OF THE TRIANGLE PATTERNRADICO is at the edge of the triangle pattern.A closing above 310 will lead to target of 328(first resistance) and then 360 will be the next barrier.Failing the pattern on downside will lead a downside move till 285 which will be the first support and 250 the next major support.earning results are to be announced in 5 days so better to keep this in watchlist to see for a breakout or a downside.