Stock Analysis: Radhika JeweltechIntroduction:
RJL is a jewelry retailer based out of Rajkot, Gujarat. It primarily deals in Gold, Diamond and Customized jewellery. Company has served
20 lakhs+ customers till date. RJL offers services that include jewelry repairs, resizing, and cleaning.
Fundamentals:
Market Cap: ₹ 1,094 Cr.;
Stock P/E: 17.5 (Ind. P/E: 28.82) 👍;
ROCE: 25.8% 👍; ROE: 20.5% 👍;
3 Years Sales Growth: 36% 👍;
3 Years Compounded Profit Growth: 31% 👍;
3 Years Stock Price CAGR: 42% 👍;
3 Years Return on Equity: 19% 👍
Technicals:
Resistance levels: 103, 112, 125, 150
Support levels: 91, 84, 75
Radhika Jeweltech is trading below important crossover level 9 EMA(Orange Line) just below the 21 EMA (Black Line).
Trade ideas
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Consolidation Breakout in RADHIKAJWE
BUY TODAY SELL TOMORROW for 5%
Radhika Jeweltech – Classic Contraction PatternTimeframe: Weekly
Structure Observed: Contraction Pattern between Trendlines
Volume: Significant recent uptick 📊
Key Zones:
🔴 Supply Zone above 123
🟢 Dynamic Support from ascending trendline
🟠 Active counter-trendline now breached
After months of lower highs and higher lows, the price has been squeezing into a classic contraction pattern between a descending orange trendline (acting as counter-trendline resistance) and a rising green trendline providing consistent support.
This week’s candle has decisively broken above the descending trendline on strong relative volume.
With the weekly close due tomorrow, all eyes remain on how the candle settles — will it sustain this breakout structurally or retreat below the trendline?
📌 Important Note: This is a technical observation — not a trade recommendation.
Buying Opportunity in Radhika Jeweltech Ltd & Analysis Introduction:
Radhika Jeweltech Ltd is engaged in the manufacturing and trading of gold, diamond & platinium jewellery. RJL is a jewelry retailer based out of Rajkot, Gujarat. The company has served 20 lakh+ customers to date. RJL offers services that include jewelry repairs, resizing, and cleaning.
Fundamentals:
Market Cap: ₹ 1,157 Cr.;
Stock P/E: 20.0 (Ind. P/E: 35.60) 👍;
ROCE: 24.6% 👍;
ROE: 20.6% 👍;
3 Years Sales Growth: 58% 👍;
3 Years Profit Growth: 30% 👍;
3 Years Stock Price CAGR: 43% 👍
Pros: The company has delivered good profit growth of 48.8% CAGR over last 5 years
The stock has
Technicals:
Radhika Jeweltech Ltd has been in a downtrend since attaining a peak level of 157.
It is trading in a strong consolidation range between 95 and 105 levels.
20 EMA (Black line) is just below 50 EMA (Orange line), indicating the weakness in the trend.
More than 35% down from all-time high price of 157 level.
Resistance levels: 109, 126, 139, 157
Support levels: 95, 76
RADHIKAJWE - Long Setup, Move is ON..NSE:RADHIKAJWE
✅ #RADHIKAJWE trading above Resistance of 99
✅ Next Resistance is at 158
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Symmetrical Triangle Setup in RADHIKAJWEStock is following a symmetrical triangle pattern. Traders with risk tolerance can enter at the current levels. Risk averse traders can wait till the price reaches around ~63 and then enter with minimal risk.
short term target can be 70 and if breakout occurs one can go long with a target of 80.
PS: Only for Educational purpose, enter at your own risk.
Please let me know your thoughts in comments
Radhika Jeweltech is abou to blast... 🚀 Target?Radhika Jeweltech - Target Prediction
Bullish Signs:
High Volumes in weekly and daily timeframe, breaching SMA.
Festive season coming soon, revenue will be expected to jump.
Breakout in weekly timeframe with buy pressure candle.
Chart is for Educational Purposes only.
RADHIKAJWE Daily looking bullishRADHIKAJWE Daily has trendline breakout/flag and pole breakout with 200 ema support on daily candle. Good to buy at 37 for target of 43.45 with sl below 34.30
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
RADHIKAJWE - Ichimoku Bullish Breakout Stock Name - Radhika Jeweltech Ltd
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 245
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Trader
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