RADICO trade ideas
RADICO KHAITAN 1:7 RISK REWARD 🔥🔥🔥NSE:RADICO broke out from a bullish flag pattern and retraced back to the breakout price.
Price also stands near a resistance turned support. (Rectangle area)
Enter entire position at C.M.P,
Targets: 1300/1450/1500
sl- below 1150
NOTE: low risk high reward trades have a lower hit rate.
Position size accordingly. HAPPY TRADING!
Radico Khaitan ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish , so take positions carefully.
RADICO is ready to buy for positional trade.Aim for 6-8% . It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
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