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Short term breakout.
Radico Demand Zone --> 400 - 381
The zone formed is tested once so it is weak
But still, I will Enter as RR is good in this trade
After reaching the highs of 495 in May 2018 the stock was under pressure for around 2 months and the uptrend again started from July when it bounced from 320. Post that Radico Khaitan is smartly following the trend line and marching on to reclaim its previous high of 499 which is also a strong resistance which it tried to break twice in 3 months.
Currently we ...
There is no intermediate resistance and if the stock sustains above 498-500, intermediate term target will be 840 above.
Multibagger Opportunity ...
Trade explained in chart
Strictly for EDUCATIONAL purpose
ALCOHOL is INJURIOUS to HEALTH
-Bearish rising Wedge Pattern.
-Triple divergence on RSI.
-Divergence on Stochastic.
-Divergence on MACD.
-Potential double-top formation.
Not an investment advice. Do your own due diligence.
Buy RADICOKHAITAN at 421
A big move of 10-20% is expected in this stock. The move may come on 20-04-2018 (Friday)
I am not sure if it will come tomorrow but it can come very soon because of the channel breakout
is NSE:RADICO a buy ??
breakout and retesting
if sustains its should break 351-354
then we can see 371,411
I will go long only above 346.10. #breakout
DIsc: For Educational Purposes
RADICO : The party goes on
A simple chart breakout that went all the way!
Discl: Invested in Mi50 since 140ish.
Looking foreword to see good moment. Will take long position in Radico for investment purpose.
If it goes beyond pivot line and crosses 133
TP = 140, 145 (forming triangle)
SL near double bottom support - 106
Do check for fundamentals -->
Primarily, Cash flow generation
I am already in this trade , any one can look for holding of stock for 3 to 4 days short period can Enter on cmp or on retrace with stop 125
For Target of 132
Again this is not recommendation this is my opinion
stock on short term after correction giving break out today
one can look into the stock at current prices for
target towards 128/132/139
A tight Flag can be seen in Radico Khaitan. One can go long for some quick bucks to targets marked in green. PA moving below 118 levels may not be conducive for a upmove.
Trade safe and good luck to y'all!