Radico Khaitan – Technical Analysis, Support and Resistance
The stock
RADICO
has maintained a strong long-term bullish trend rising significantly over the past few years. However the stock is showing short-term weakness after reaching a recent high near ₹4750. It closed at ₹4086.70 (-3.50%), indicating selling pressure and a sharp correction from the recent peak.
Support & Resistance:
Immediate support is placed around ₹4000–3950 followed by ₹3800–3750. On the upside ₹4200–4250 is the immediate resistance zone followed by ₹4400–4500. A sustained move above ₹4500 may improve the short-term momentum.
Short-Term Buyers & Holders View:
Fresh buyers may wait for the stock to stabilise near support or reclaim ₹4250 with strong volume before considering an entry. Existing holders should monitor the ₹3950–3800 zone closely, as a breakdown may lead to further correction.