Published on 13/10/2017 3:12:32 PM | Source: Choice Broking

Buy Radico Khaitan Ltd For Target Rs.215.00 - Choice Broking

Posted in Broking Firm Views - Short Term Report | #Radico Khaitan Ltd #Beverages and Distilleries #Trading Report #Choice Broking


* The stock has been trading as per the Momentum Triple Pattern theory in all time frames such as daily, weekly and monthly chart which shows the bullish sentiments in the stock.

* On a daily chart, the stock has given a breakout of its last strong distribution level and made a fresh 52-week high level with healthy volume activity which indicates a robust upside move in the counter.

* On a weekly chart, the stock has been trading with the strong support of its 20-weeks exponential moving average which suggests a positive movement in the counter.

* A daily momentum indicator RSI reading is at 68.53, trending upward with the support of its average line which points out for a positive breath in the stock.

* Based on above technical structure, we are expecting a good upside movement in the counter for the upcoming trading session.

 

 

Recommendation

Buy RADICO KHAITAN LIMITED  Ltd @ 184.00 – 186.00 StopLoss 170 Target 215

 

To Read Complete Report & Disclaimer Click Here

 

For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx

 

Above views are of the author and not of the website kindly read disclaimer