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RADICO KHAITAN LTD
Long
Updated

Radico Khaitan-Bullish-Will this beverage stock takes rally now?

264
snapshot RADICO

25.08.2024
Buy- 1845
Target-2002
Stop Loss-1739
Risk Reward- 1:1.5

1.Breakout- Parallel resistance breakout. Biggest green candle in last 8 months
2.Trend- Consolidation(Sideways) from 8 months.
3.KeyLevel- At resistance
4.Volume- Volumes increasing in bullish & good volumes in breakout candle
5. EMA- Above 21 & 50 EMA. 200 EMA Rejection
6. RSI-Bullish divergence found
7. Chart Petter- W Pattern formation. Expected to give good breakout
Trade active
Active
Trade active
Very good move. Hope to reach the target in next few sessions
Trade closed: target reached
As mentioned in above update, target has reached in next session itself.
11% up in 6 sessions.
It is good to hold for short term view.
Swinging_Inside_the_BAR
bullishpatternradicokhaitanSupply and DemandSupport and ResistanceswingtradingTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
bullishpatternradicokhaitanSupply and DemandSupport and ResistanceswingtradingTrend Lines
Swinging_Inside_the_BAR

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.