RADICO - Swing trade
Looking very very strong and there is good volume pop!
Can go long with SL of 1091 and final TGT of 1350!
More than 3R trade possible. Trailing SL is a must!
Short Radiko at 1220-1226 on weekly Basis as currently in a supply area
SL - 1305
Target 1 - 1135
Target 2 - 1071
Target 3 - 1007
Other Points
*Revenue is expected to grow by 8.8% in FY23
*EPS is expected to reduce by 10.9% in FY23
*Net income is expected to reduce by 11.0% in FY23
*EBIT is expected to reduce by 8.4% in FY23
*Dividend per share is expected to...
RADICO KHAITAN
BUY : 1085-1088
TARGET : 1197
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RADICO:- 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...
In Weekly chart RADICO KHAITAN, we cab clearly see that it has failed in Cup & Handle chart pattern.
upward momentum is expected in coming weeks.
Plan an Entry as soon as it crosses bullish hammer at 1072 with 1025 as SL.
Buy Qty as per your risk ratio and book profits in between 1255 and 1260.
Price is in a strong UP Trend in WTF, made a Pull Back.
Price in DTF formed a Rounding Bottom Pattern and BO with Volume.
Technical Indicators
RSI Bullish
MACD Crossover
Golden Crossover ( 200ema & 50ema)
Advanced Double Top was formed of which the target was also achieved. Chart has been following the angular support for a long time and if it keeps to follow the angular support, a long position can be initiated at Rs1068-Rs1070 with first target of Rs1086-Rs1090. Whenever RSI reaches 30 or below, a trend reversal has been seen. Continuing that pattern is also an...
NSE:RADICO is breakout ready because of:
Continuous bullish candle formation with increasing volume and thus breaks out the rectangular consolidation zone.
A triangle patten formation is clear
Volume is very high (actually heighest)
RSI is just crossing 70 mark (OB region)
Trade : Buy above 1152, SL: 1120, T: 1185
Sell below 1100, SL: 1120, T: 1075
bullish relations across indicators
the price has given first pullback to L3 (and weekly L4) and has shown significant rejection with good volume and an increase in range.
despite a gap down and lower auction, price managed to push higher and close higher. meets the traditional criteria of a hammer as well.
Radico Khaitan Weekly Chart : Stock is trading above monthly pivot with slow and fast ema 52,13 positively. We expect 2 or 3 weekly bullish candles on chart from current levels. Its a good risk reward ratio set on Radico.
NSE: RADICO is closing with an strong bullish candle supported with high 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 consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain...
In NSE:RADICO the Rounding bottom is in Formation. Long side can be taken after the breakout of neckline. The Price Objective for the same will be the Height of the rounding bottom to the neckline (If the pattern is completed). The stop loss for the same can be determined after the completion of pattern.
Will the pattern complete?
* It is my Analysis and not...
