Stock worth to keep in watchlist.
Stock sustaining for 3 weeks now above the ATH levels. NR3 formation. It broke out of the resistance and you can see volume contraction while the base was been formed and it broke out with good volumes. On daily its sitting on IV Support and a possible retest of the resistance (which shall now act as support) we can assume is...
In the Weekly Chart of RADICO ,
we can see that, it has retested the Trendline of Cup & handle breakout pattern.
We might also wee W pattern breakout if it moves in upward direction.
Expected momentum is shown in chart.
📊 Pattern: Rising Wedge
📌 Symbol/Asset: Radico Khaitan
🔍 Description: Stock looks perfect buy near support, stop loss at 1100
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Symmetrical Triangle is witnessed with the price taking support at the edge of the triangle.
Expecting a good move here since the MACD is also well poised to explode.
RADICO taking support on trend line and moving towards the horizanal resistence area. Can move upside if breaks the resistace and can be a good positional if closes strong.
Analysis Criteria Used:
1. Please find the Chart Analysis done for RADICO KHAITAN
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont...
In the Weekly Chart of RADICO ,
we can see that; it has given Cup & Handle Breakout, but it not a strong breakout.
Let's see which side it takes a momentum.
radico has given trendline brekout with cup and handle pattern
buy 1150 for target of 1312 , 1670
with stoploss 1000
for 2 to 6 month (Positional trade)
