Radico Khaitan Ltd – Daily Technical View
The stock has formed a clear Head & Shoulders pattern, indicating a trend reversal from the top. Breakdown below the neckline with strong momentum confirms bearish structure.
🔍 Technical Observations:
Price below 20 EMA & middle Bollinger Band
Bollinger Bands expanding on the downside → strong selling pressure
RSI remains in bearish zone, showing weak momentum
🔑 Key Levels:
Immediate Support: ₹2,850 – ₹2,800
Resistance: ₹3,120 – ₹3,200
📉 Outlook:
As long as price stays below ₹3,120, downside risk remains.
Sustained recovery only if the stock reclaims ₹3,200 with volume.
⚠️ Educational purpose only.
— AALGO BREATHS