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RADICO

RADICO: A channel of Weakness??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 price will soon be testing the 200 EMA. 5. PE ratio has worsened - same price comparative approach 5. We do have a 38.2% Fibo support around the CMP Although, There is always a possibility of a quick rebound showing retest and continuation. A break of the channel should tell us the further course of action. What is your take on Radico?? We are constantly trying to make our analyses better and simpler to understand. Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:RADICO
by TheChartereds
RADICO - Stock AnalysisRadico 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 volume. The KeltnerBand is "Strong Bullish" with a positive breakout pattern, while the MACD (Moving Average Convergence Divergence) is "Strong Bullish" with a bullish crossover and a Zero line crossover, suggesting a favorable trend. The DonchianBand is "Bullish" with a new high created, implying the possibility of a breakout. The Awesome Oscillator is "Bullish," with a recent bullish reversal and a trend pointing upwards. The MAChannelBand and HighLowMABand are both "Strong Bullish" with positive breakout patterns. Both the daily and weekly candlestick patterns are signaling "Strong Bullish" sentiment, providing strong technical support. The stock has also encountered significant resistance and support lines, with top points for the Long Term Resistance Line at 1279.25 on November 2, 2023, and the Medium Term Resistance Line at 1279.25 on the same date, with a Medium Term Support Line at bottom points of 1187.35 on October 23, 2023, and 1158.35 on September 25, 2023. These lines serve as crucial reference points for traders and investors. From a fundamental perspective, Radico Khaitan Ltd. appears undervalued with a Price to Intrinsic Value of 0.762. The company has demonstrated a remarkable increase in its Book Value over the last three years, indicating a strong financial position. The firm also boasts an excellent quarter-over-quarter (QoQ) earnings per share (EPS) growth rate, and while the Piotroski F Score is at a stable value of 5.0, there has been steady growth in EPS over the last four quarters. Radico Khaitan Ltd. maintains a good Return on Equity of 10.67% and offers a relatively low dividend yield of 0.240%, suggesting a preference for reinvesting profits for further growth. Additionally, there is a short-term positive trend in total sales and net profit, with quarterly sales over the last five years showing an upward trajectory. The company has also experienced a consistent increase in Total Assets over the last three years, reflecting its ongoing expansion and financial stability. In summary, Radico Khaitan Ltd. presents a compelling investment opportunity with a strong technical outlook and solid fundamental indicators. The stock's recent bullish trends, positive breakout patterns, and continuous growth in various aspects of the business make it an attractive choice for investors seeking potential growth and value in the market. Go Long above 1284.90 Stop Loss 1166
NSE:RADICOLong
by ruelfernandes
#FACT #DEEPAKFERT #GSFC #GNFC #DEEPAKNTR #CHAMBLFERT #NSE #BSE #FACT NSE: FACT CMP: 162.45 Target: 200+ Return: >25% SL: 140 RR > 2 TimeFrame <6 Months. 🔥at All time high! Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:FACTLong
by Rachit_Sethia