Radico Khaitan looks good for buyingBased on Inverse Head & Shoulder Pattern:
The stock has re-tested its support level at 580 after a breakout with high volume.
Buy Radico Khaitan near 580-590 levels,
Stoploss to be kept at 540
Target 660
RADICO trade ideas
Radico Khaitan - Set to create new All-Time HighsInverted Head & Shoulders = Bullish Reversal. Successful re-test of neckline.
No immediate resistance. Increase in Volumes.
Venturing into All-Time High Territory, also known as "Price Discovery Zone" wherein fundamentals will drive how far the push will go.
On the fundamental side, positive developments include:
1) Gradual re-opening of lockdowns and recent news regarding Delhi permitting home delivery of liquor.
2) Company's plans to tap further into premium and luxury liquor brands.
3) Company's backward integration to protect against raw material inflation.
#NFA #DYOR.
Buy Radico KhaitanBuy Radico Khaitan near 580-585 levels, Stoploss 535 Target 660
Study : Inverse Head & Shoulder Pattern and Retest Structure
Radico Khaitan- Daily Chart
- Near ATH, poised for breakout
- VCP Formation
- Tightened towards right
- volume spikes in last few days
- Manage risk, use stop loss and position sizing
RADICO : POSITIONAL TRADE1. Buy above last red candle high 595.
2. Add more till 540. SL 500. Target 740.
3. Trendline breakout happened at 583. Taken the support at same level.
Disclaimer: This is educational purpose only.
Radico Khaitan Inverse head and shoulder pattern#Radico Khaitan
Inverse head and shoulder pattern formation
STUDY purpose ONLY
Happy LEARNING
RADICO Flag BreakoutRadico Khaitan (RADICO) is exhibiting flag breakout on the Daily chart. We are looking for a Long trade with measured move of 665 as target.
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!!!
#stockInvestment
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
