July 31, 2017
Radico (NSE Cash)
141 - 143
14 - 21 sessions
Inverse Head &
(Time: 10:10 IST)
Recently, this stock underwent a strong consolidation phase during which every attempt towards 138 - 140 was getting sold
into. However, today, we saw strong follow up buying interest post Friday’s sturdy closing; leading to a confirmation of ‘Inverse
Head and Shoulder’ pattern on daily chart. This price activity is accompanied by higher than average daily volumes, which
certainly is an encouraging sign. In addition, some of the key moving averages along with the technical indicators are still
maintaining their upward trajectory.
we recommend buying this stock at current levels and on decline up to
for a target of
159 over the next 14 - 21 sessions. The stop loss should be fixed at
022-3935 7600 Extn: 6552
July 31, 2017
Last 8 recommendations
CMP Target 1 Target 2 Stop-loss
808 - 814
207 - 208
154.75 - 156
104.50 - 105.50
583 - 587
3788 - 3808
SL revised to 3880
1000 - 1009
167 - 168.50
*Britannia dividend adjusted price
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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