RADICO trade ideas
RADICO KHAITAN - Chart Analysis || 17th April, 2023 #stocks 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 overthink or overanalyse
5. Treat this as your Business and get serious about it
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Radico Khaitan - ShortShort 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 reduce by 2.0% in FY23
*Free cash flow is expected to reduce by 124.1% in FY23
*Capital expenditure is expected to grow by 76.6% in FY23
At an Expensive Valuation
Radico Khaitan LimitedRADICO:- 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 know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
RADICO KHAITANIn 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.
Radico chart for 19th JanAdvanced 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 indication to initiate long.
RADICO: Very Bullish candlestick breakoutNSE: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
LIKELY MEAN REVERSION
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.