📈 RADICO – Cup Base Forming | Testing Waters, No Diving Yet
RADICO is forming a classic cup base on the weekly chart, trading above key DMAS with improving structure and RSI strength. A pilot entry to test the strength of the setup — not a full position.
🔍 Technical Overview
🟢 Structure: Well-formed cup attempting a neckline test
⚠️ Volume: Currently drying up — wait for breakout + volume spike
📍 Entry: Early Pilot Entry t at ₹2,552.45
✅ Add only if ATH breaks (₹2,638.95) with a clean weekly candle and volume confirmation
⚖️ Risk Management
❌ SL is deep (~15%) — manage position sizing carefully
💡 Expect shakeouts — volatility remains elevated
🧠 This is a positional pick, not a short-term play
🔄 Risk: Reward planned near 1:2, but no hard target in the current market volatility
⚠️ Macro Context
Nifty 500 is still below its 200 DMA
The market is not fully out of danger
Be nimble, not aggressive
🧠 Final Thoughts
Test the setup, don’t commit fully yet
Let volume confirm — breakout without power = trap risk
Trade as per your style
Risk management isn’t optional — it’s survival
📉 Disclaimer:
This is not investment advice. For educational purposes only. Do your own research and manage capital based on your strategy.
RADICO is forming a classic cup base on the weekly chart, trading above key DMAS with improving structure and RSI strength. A pilot entry to test the strength of the setup — not a full position.
🔍 Technical Overview
🟢 Structure: Well-formed cup attempting a neckline test
⚠️ Volume: Currently drying up — wait for breakout + volume spike
📍 Entry: Early Pilot Entry t at ₹2,552.45
✅ Add only if ATH breaks (₹2,638.95) with a clean weekly candle and volume confirmation
⚖️ Risk Management
❌ SL is deep (~15%) — manage position sizing carefully
💡 Expect shakeouts — volatility remains elevated
🧠 This is a positional pick, not a short-term play
🔄 Risk: Reward planned near 1:2, but no hard target in the current market volatility
⚠️ Macro Context
Nifty 500 is still below its 200 DMA
The market is not fully out of danger
Be nimble, not aggressive
🧠 Final Thoughts
Test the setup, don’t commit fully yet
Let volume confirm — breakout without power = trap risk
Trade as per your style
Risk management isn’t optional — it’s survival
📉 Disclaimer:
This is not investment advice. For educational purposes only. Do your own research and manage capital based on your strategy.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.