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RADICO KHAITAN LTDRADICO KHAITAN LTDRADICO KHAITAN LTD

RADICO KHAITAN LTD

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RADICO trade ideas

SWING IDEA - RADICO KHAITANRadico Khaitan , one of India's leading liquor manufacturers, presents a potential swing trade opportunity based on strong technical signals. Reasons are listed below: Break of Ascending Triangle Pattern : The stock has broken out of an ascending triangle pattern, indicating strong bullish momentum and a potential continuation of the uptrend. Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart signifies a strong reversal signal, reinforcing the stock's upward movement. Trading Above 50 and 200 EMA : Radico Khaitan is trading comfortably above both the 50-day and 200-day exponential moving averages, further confirming the strength of the current uptrend. All-Time High Daily Close : The stock recently closed at an all-time high, indicating strong market confidence and potential for further gains. Target - 2160 // 2400 Stoploss - daily close below 1625 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RADICOLong
by Visionary_Growth_Insights
RADICO S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:RADICO
by zenthosh
Radico Khaitan-Bullish-Will this beverage stock takes rally now? NSE: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
NSE:RADICOLong
by Swinging_Inside_the_BAR
1
RADICO - In to the next orbit ?The stock has been moving almost sideways with a upward bias for the last eight months. However, recently you can see that in the weekly it has been making a higher, high and higher lows. Now the stock has successfully moved out of this sideways range and also it has crossed above the supply line in the top. The move was with very high volumes. You can see a positive money flow in the weekly. On the daily you can see that the relative strength, absolute strength and the money flow has been positive. So, it looks like that stock is now ready to go into the next orbit. However, the ultra-high volume calls for some caution. So, one has to wait till the stock crosses above 1973 which is a high of the “BC” like bar of the last day. Relative strength turning positive on the weekly will add to the conviction.
NSE:RADICOLong
by karthikmarar
1
RADICO S/R for 18/7/24Support 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 where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:RADICO
by zenthosh
RADICP SUPPORT AND RESISTANCE 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 where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:RADICO
by zenthosh
double bottom pattern completedPleasure 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 ideas. Disclaimer Note:- 1) This is just an analysis setup and no advice to trade/trade 2) If you are making position, please have your risk to reward analysis and then enter. 3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
NSE:RADICOLong
by dheerajprakash057
RADICOThe 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 the stock is likely to attempt to take out the Rejection zone. Looks like 1800+ on the cards. I am looking for a minimum 10% quick up swing.
NSE:RADICOLong
by karthikmarar
5
RADICO - Update 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 and rising. But we need to see more supply. If volume comes in the next of couple of Bars the stock will move much higher.
NSE:RADICOLong
by karthikmarar
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