Radico Khaitan Ltd – Resistance Breakout Setup
📊 Analysis:
The stock is consolidating just below a key resistance zone near ₹2,457, forming higher lows and indicating bullish pressure. Supported by the 21-EMA and 50-EMA, the price is preparing for a potential breakout with increasing momentum.
📈 Trading Plan:
Entry: Buy above ₹2,460 (on breakout confirmation with strong volume).
Target 1: ₹2,600
Target 2: ₹2,665
Stop-Loss: ₹2,372 (below recent support and EMAs for risk management).
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note: Look for a decisive candle above ₹2,460 with high volume to confirm the breakout. Stay cautious if the stock fails to sustain above resistance.
The stock is consolidating just below a key resistance zone near ₹2,457, forming higher lows and indicating bullish pressure. Supported by the 21-EMA and 50-EMA, the price is preparing for a potential breakout with increasing momentum.
📈 Trading Plan:
Entry: Buy above ₹2,460 (on breakout confirmation with strong volume).
Target 1: ₹2,600
Target 2: ₹2,665
Stop-Loss: ₹2,372 (below recent support and EMAs for risk management).
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note: Look for a decisive candle above ₹2,460 with high volume to confirm the breakout. Stay cautious if the stock fails to sustain above resistance.
כתב ויתור
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