Radico Khaitan: Moving Averages Turn Supportive Again

Radico Khaitan closed at ₹4,480 on 21 September, gaining 0.5%. The stock has recovered from its recent decline and is now trading above both key short-term moving averages. The 20-day moving average stands at ₹4,429, while the 50-day average is at ₹4,458. Price has reclaimed both levels, which is an encouraging sign after the pullback from the ₹4,700 region. These averages now form the first support band. A sustained move above ₹4,500 could bring ₹4,600 and then the recent high near ₹4,700 back into focus. On the downside, ₹4,429 is the first support, followed by ₹4,300. The chart remains constructive as long as price holds above the moving-average cluster. If you notice the slanting upward moving average restest is a sign of potential opportunity