Trading Idea : Buy Radico Khaitan Ltd.

STOP LOSS Below 309 (On closing basis)
TIME HORIZON 10-12 Weeks

About The Company :

Radico Khaitan Ltd. (RKL), formerly Rampur Distillery & Chemical Company Ltd., is an Indian company that manufactures industrial alcohol, Indian Made Foreign Liquor (IMFL), country liquor and fertilizers. It is the fourth largest Indian liquor company, .Radico brands are sold in more than 60 countries, including USA, Canada, South America, Africa, Europe, South East Asia and the Middle East.

Trading Opportunity :

Radico Khaitan is forming higher top & higher bottom on daily charts. Stock is forming symmetrical triangle pattern from last 5-6 months and about to give breakout with positive RSI and ADX on daily charts.

We are recommending strong Buy around 325-330 with Stop loss of below 309 (Closing basis) for Target of 365 in next 10-12 weeks.