Radico Khaitan Limited
Giá lên

RADICO – Cup Base Forming | Testing Waters, No Diving Yet

149
📈 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.

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.