Technical Analysis Radico Khaitan.

The stock $RADICO is in a very powerful Higher High, Higher Low uptrend after forming a strong base in March. It has shown a sharp V-shaped recovery and successfully broken past heavy historical supply zones. Right now it is consolidating near its recent highs, digesting the massive gains before its next potential move. Immediate Support 3300 to 3400 this is the classic Resistance turned Support zone. The stock struggled to cross this area earlier in the year but now that it has broken out any small dip to this level will likely attract fresh buying. Immediate Resistance 3600 - 3650 this is the current ceiling. The stock has tested this area recently and paused. A daily close above this zone especially with high volume would signal the start of the next leg up. For short-term holders the best strategy is to ride this strong bullish momentum by holding your positions with a strict trailing stop-loss below the 3300 support zone. If you are a fresh short-term buyer it is safer to wait for a minor dip towards 3400 or buy only after a confirmed breakout above 3650. Minor sideways movement or consolidation at current levels is perfectly healthy so avoid panic selling on small intraday drops. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.