Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
The counter has broken our of falling trendline and a Inverted HnS pattern too. The scrip me zoom fast from here, ma take a small pause near 1885 and then reach its destination of 2100. RSI has also broken out.
Investors are raising a toast to Radico stock 🥂! Strategically navigating with a stop loss at 1670 and setting sights on the target at 1890 for potential growth 📈. Let's cheers to smart investing!
RADICO 1564
TGT 2260
SL 1360
RR>3.5
Return > 45%
Risk < 12%
Timeframe <8M
NSE:RADICO
Buy Recommended
Can hold for long term
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By Rachit Sethia
Pleasure to have you here. This is an analysis done for the Tickr, and potential in the Technicals.
In this Chart ,which has been slightly in uptrend and as soon as it crosses its resistance, OR is at support levels we will decide to make a position in the stock,
if you like the idea please like the post :) It will be a motivation to further such...
The stock has been moving sideways after facing rejection above 1720+ levels. Bouncing from support zone and crossing above converging short-term moving averages on high volume. Money Flow turning positive and Relative Strength on the verge of turning positive. Today's Delivery volumes were very high, seven times the average indicating longer term interest. Now...
Early November we saw that that the stock was recovering and at 1284 levels, we anticipated that the stock will test 1450 levels. Now that stock has tested 1450 levels and also crossed the Price Rejection zone and the last point of supply of 1475 as well. The stock looks poised to move higher. Relative strength, Buying pressure and Money flow all are positive...
The chart should tell you everything you need to know about NSE:RADICO
However, Below are some good to know pointers:
1. After breaking the ATH Resistance, The price failed to hold above it.
2. A minor divergence in RSI on weekly TF showing weakness
3. Bearish Crossover on MACD is another negative
4. The price trades below 50 and 100 EMA on Daily TF. The...
Radico Khaitan Ltd. is currently demonstrating robust bullish momentum across various technical indicators, underpinned by strong fundamentals, making it a compelling prospect for investors. In the short term, the one-day analysis reflects a "Strong Bullish" sentiment, with the latest tick indicating a substantial price rise supported by strong trading...
The Stock is moving up after taking support from the 200 DMA. Now going past all the short term Moving averages.
Relative strength. Absolute Strength and Money Flow all Positive. Good volume support coming in as well.
The stock seems gearing up for move and Test 1450 levels.
Breakout of resistance was happened in RADICO KHAITAN currently it is retesting the resistance that it broke and morning star candle stick pattern has been formed while retesting so i'm expecting a good bullish movement.
Expected targets are:
TP1 - 1336.35
TP2 - 1473
**Anticipating a Break to New All-Time Highs:** A promising development is on the horizon as the possibility of reaching new all-time highs comes into view. This prospect gains strength due to the stock's recent actions. It has undergone a retest of crucial support levels, including the support from the multi-months pattern and the neckline support of the cup and...
Breaking Out Stock!
Radico Khaitan Ltd. #RADICO
1- Highest Weekly Volume in 12 months
2- Trading at Lifetime High
3- Higher-High Higher-Low Pattern
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
