Radico Khaitan Limited (RADICO) Stock - Complete Technical Analysis - Nov 08, 2024

Radico Khaitan Stock Analysis: Key Levels, Trends, and Momentum Technical & Fundamental Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Radico Khaitan Limited (RADICO) is experiencing a slight pullback from its 52-week high of 2524, trading at 2340, which is still 71.54% above its 52-week low of 1364. The stock shows strong bullish momentum with indicators like the MACD and ADX suggesting continued positive movement. The Relative Strength Index (RSI) at 58.13 shows that the stock is not yet overbought, leaving room for potential growth.

On the moving averages front, the stock is above all key exponential moving averages, with short-term support around 2324 and resistance near the 2430 range. Investors and traders should watch for potential entry points around 2324, with a clear break above the 2433 resistance zone providing further bullish confirmation.

Key observation: The stock is trending strongly, but with slight daily volatility, which offers good opportunities for traders with a short-term focus. Look for price action near the support level of 2324 or breakouts above 2433 for actionable trade setups.