Chart Of The Day – Radico Khaitan Breaks Out Of Cup-With-Handle Base

Radico Khaitan got locked in upper circuit at 5% and managed to break out of a 13-week long cup with handle base. It is currently trading at 1% above its pivot price of Rs 454.40. As per the latest release by NSE, the stock continue to remain in the ASM. Despite break out, the earnings and revenue trajectory is not in favour of our investment thesis.

Radico Khaitan_MarketSmithIndia

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