RADICO trade ideas
RADICO KHAITAN-BREAKOUT AND RETEST.WHAT NEXT?This stock has been making a Higher High and Higher Low pattern as per daily charts. It has followed the 65 day exponential moving average as dynamic support for retest and has bounced back from those levels on consistent basis. Seeing on upside the stock after hitting life highs on 8th march 2021 of a price of 650 it has seen some profit booking and consolidation as well but still managed to hold 65 EMA. After long consolidation and on the back of decent volumes and with Cup and Handle formation on daily charts this is a must BUY for coming weeks as per charts. The stock has already closed above the resistance zone and above the handle.
For 2-3 months in focus this stock can hit 760-815 levels with risk placed around 540 levels.
Radico KhaitanRadico today has broken a multi-day resistance of 575 on daily basis with a inverted head and shoulder pattern with very huge volumes on right shoulder is a possible long for targets of 618 and 629 do maintain a stop loss of 590 on closing basis. if the market supports the move can come in 1 or 2 sessions.
RadicoDisclaimer : Only for educational Purpose,not a stock recommendation
Trading is an art, learn the art!!!
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Continuation Inverted Head & Shoulder BreakoutContinuation Inverted Head & Shoulder chart pattern Breakout with extremely high volume in daily chart .
CMP-599.00 RECO-Buy Entry Range-Rs.586-600.00 Target-650.00/720.00 Stop Loss-550.00 Closing basis
Duration- 03 to 06 Months.
Radico Khaitan, Buying Opportunity..!!As of 20/5/21
Current Trend: Sideways
Resistance levels: Around 566 price levels (Broken today with volume)
Patterns formed: Flag pattern
Single candlestick pattern: Bullish marubozu
RSI: 66
MACD: Short line over Long line
Analysis: Flag pattern's upper resistance level, as well as horizontal resistance level, is broken on 20/5/21 with very high volume and a bullish marubozu candlestick pattern is also formed. Moreover, RSI is above 60 and MACD is also giving a positive signal. 5 Day MAE is also above 13 days and 26 days Exponential moving average.
All such indications suggest going for a long position (Buy).
**A slight correction can be seen in the stock price in the coming days up to 578-580 levels before moving in the upward direction.
Stoploss should be around horizontal resistance level.. ie. 565-567 price levels.
The initial Target can be up to 10%.
NOTE: Buy the stock only when the overall market is positive. If the market tomorrow opens negative, then chances are that the stock will correct up to the mentioned level.
Feel free to comment below your ideas..
BUY : TGT 650 ( 18% ) UpsideWhy Buy :
1 - Crossed 20 DMA
2 - HULL Positive
Financials :
1 - PE of 30 vs 100 PE of United spirts
2 - Positive YOY Sales
I have bought 100sh @ 541
Beautiful channel patternThe nice channel you can enter a long or short position at the respective key levels/
Watchout for trendline breakoutThe stock looks good above 577.5 (safer above 580.6) level for more upmove
Good Swing Trade in Radico KaithanChart says it
Note: Just for Educational Purpose, Trade at your own Risk
Bullish Divergence - Radico KhaitanDear Traders,
You can take a long position as soon as you get a reversal sign from here.
Radico khaitan making investor drunkerWhat is your views tell me in comments
01. Fresh 1 year breakout.
02. Good fundamentals still undervalued
03. For educational purpose only
Radico - Expecting a big move in coming days550 is seen as a strong support area recently
Stock is seen respecting trend line fro long
Holding of trendline and support area will take the stock to new highs in coming days
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.
Watchout for ATH breakoutThe stock is making a rounding bottom around ATH and looks good above 581 level for a target of 595-600
