RADICO KHAITAN-BREAKOUT AND RETEST.WHAT NEXT?
This stock has been making a Higher High and Higher Low pattern as per daily charts. It has followed the 65 day exponential moving average as dynamic support for retest and has bounced back from those levels on consistent basis. Seeing on upside the stock after hitting life highs on 8th march 2021 of a price of 650 it has seen some profit booking and consolidation as well but still managed to hold 65 EMA. After long consolidation and on the back of decent volumes and with Cup and Handle formation on daily charts this is a must BUY for coming weeks as per charts. The stock has already closed above the resistance zone and above the handle.
For 2-3 months in focus this stock can hit 760-815 levels with risk placed around 540 levels.
For 2-3 months in focus this stock can hit 760-815 levels with risk placed around 540 levels.
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