Radico Khaitan Limited
Long

Radico chart for 19th Jan

46
Advanced Double Top was formed of which the target was also achieved. Chart has been following the angular support for a long time and if it keeps to follow the angular support, a long position can be initiated at Rs1068-Rs1070 with first target of Rs1086-Rs1090. Whenever RSI reaches 30 or below, a trend reversal has been seen. Continuing that pattern is also an indication to initiate long.

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