Top Trending Stock: A lot of profit in shares of liquor company even in weak market! Pockets full of investors –

Top Trending Stocks: Shares of liquor major Radico Khaitan (NSE code – RADICO) rose more than 5 percent in the early trading session on Monday despite weak markets. It also rose above the 10-day and 30-day moving averages. Technically, the stock has broken out of its ascending triangle pattern with huge volume. It is currently trading above all its key moving averages and has formed a strong bullish candle on the daily chart. The 14 period daily RSI (73.54) is located in the super bullish zone and indicates the strength of the stock. 14-day ADX (26.49) shows great trend. Moreover, the relative strength is above zero and outperforms against the market. OBV features consistent with a bullish setup. Overall, the stock performance is strong and is expected to trade higher due to its bullish price action. If the Rs 1200 level holds the resistance, the stock may move higher. Momentum traders should keep an eye on this stock in the upcoming trading session.

In fact, the stock was priced at Rs 1,134.80 when the stock market opened today at 9.30 am. Later this stock reached 1230.00 rupees at one time. The lowest price of this share during the day was Rs.1,130.00. However, Radico Khaitan’s share price was at Rs 1,170.00 at market close today.

This article is powered by ‘Dalal Street Investment Journal’, India’s No 1 investment magazine. To be regularly updated about winning stocks and recommendations do join by clicking here.

Disclaimer : This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in any manner whatsoever. The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

Leave a Comment