Bullish Breakout Potential for Radico Khaitan Above 2040Radico Khaitan has been showing signs of a strong bullish trend, and the recent price action suggests a potential breakout above the 2040 level. If the stock sustains above this channel resistance, we could witness a significant upmove.
Technical Indicators: The stock is currently trading at ₹1,732.10, with a recent high of ₹1,744.401. The 52-week high stands at ₹1,885.10, indicating room for growth.
Volume Analysis: A surge in trading volume could accompany the breakout, confirming the strength of the move.
Price Target: Traders should look for initial targets near the 52-week high, with further upside potential if the momentum continues.
Stop Loss: A stop loss can be placed below the recent swing low to protect against any false breakouts.
Conclusion: Radico Khaitan’s breakout above 2040 could offer a lucrative opportunity for traders. Keep an eye on volume and price action for confirmation.
Remember to adjust the figures according to the latest market data before posting. Happy trading!
