Radicokhaitan
Radico Khaitan, Long Base BreakoutRadico Khaitan, a major alcohol manufacturer in a very long base(~200 days)
Long base = Big Breakout (check recent example Gravita India)
-Kind of Inverted Head n Shoulder too
-Good shakeout of 200 dema too
-Recovered fast from 4th june fall with good vol and price action.
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!
RADICO - Bullish Momentum with VolumesNSE: RADICO is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving with bullish momentum for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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RSI DIVERGENCE - RADICO KHAITANNSE:RADICO - DAILY CHART ANALYSIS
The price was heading down, making lower lows.
Initially, the RSI indicator was following the price too.
on daily chart its seen that the RSI starts making higher lows while the price is still heading down.
That’s when divergence pattern appears.
After a bullish divergence, the price will tend to change from a downtrend to an uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Radico Khaitan LimitedRADICO:- The stock has given a breakout by forming a cup and handle pattern, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
RADICO - Ichimoku Bullish Breakout Stock Name - Radico Khaitan Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1032.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Target 3 (144%) achieved in Radico Khaitan. Target 4 is ON...This is follow-up on Radico Khaitan. Can check link to related ideas.
Target 3 achieved. More than 144%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.