Radico Khaitan Ltd – Daily Technical View

📊 Radico Khaitan Ltd – Daily Technical View The stock has formed a clear Head & Shoulders pattern, indicating a trend reversal from the top. Breakdown below the neckline with strong momentum confirms bearish structure. 🔍 Technical Observations: Price below 20 EMA & middle Bollinger Band Bollinger Bands expanding on the downside → strong selling pressure RSI remains in bearish zone, showing weak momentum 🔑 Key Levels: Immediate Support: ₹2,850 – ₹2,800 Resistance: ₹3,120 – ₹3,200 📉 Outlook: As long as price stays below ₹3,120, downside risk remains. Sustained recovery only if the stock reclaims ₹3,200 with volume. ⚠️ Educational purpose only. — AALGO BREATHS