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Radicokhaitan

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
1
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 - 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
RADICO - Bullish Engulfing Swing ReversalNSE: RADICO is closing with a bullish engulfing candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:RADICOLong
by BrahmaBull31