RADICO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of Radico Khaitan Ltd (RADICO)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading well above both its 50-DMA (₹2,814) and 200-DMA (₹2,520), indicating sustained bullish momentum.

52-Week Positioning: At 97.9% of its 52-week range (₹1,846 – ₹3,036), the stock is near its all-time high, reflecting strong investor sentiment and price strength.

📈 Momentum Indicators

RSI (67.0): Bullish. Approaching overbought territory, which suggests strong momentum but also warrants caution for short-term traders.

MACD (44.1): Strong positive divergence. Reinforces bullish sentiment with no signs of reversal.

Volume: Current volume (3.43L) is slightly below the 1-week average (4.19L), indicating steady participation. A volume spike would confirm breakout strength.

📉 Chart Patterns & Moving Averages

Price Action: The stock has formed a breakout pattern above ₹2,950, with higher highs and higher lows. Trendline support is intact.

Support Levels

₹2,814 – 50-DMA and recent swing low

₹2,700 – psychological support and prior resistance

Resistance Levels

₹3,036 – 52-week high and immediate resistance

₹3,100–₹3,200 – projected extension zone if breakout sustains

📌 Bollinger Bands

Price is hugging the upper band, confirming strong momentum. A short-term pullback toward the middle band (~₹2,900) is possible before continuation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 2,850–2,900 Near support and breakout retest zone

Exit (Short) 3,030–3,036 Resistance zone, potential profit booking

Exit (Long) 3,100–3,200 If breakout sustains above ₹3,036

🔍 Market Behavior

Trending: Yes, strong bullish trend confirmed by MACD, RSI, and price action.

Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless RSI peaks and volume fades.

🧠 Summary

RADICO is technically robust, riding a strong uptrend with price action above key moving averages and bullish indicators. RSI and MACD confirm momentum, and volume trends are supportive. Traders may consider accumulating near ₹2,850–₹2,900 and watch for breakout above ₹3,036 for targets toward ₹3,200.

Let me know if you'd like to compare this setup with other liquor or FMCG sector plays.

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