Topics Charticle | Chart Reading | stocks technical analysis
Radico Khaitan Ltd (RADICO): The 200-days moving average (DMA) has a great significance for this counter. It did manage to conquer the same in recent sessions, though the stock witnessed strong selling pressure soon after. That’s said, it can move up significantly above Rs 340 levels, which the counter is attempting to break now. The major support stays at Rs 280 levels and overall trend appears to be bullish. CLICK HERE FOR THE CHART
Som Distilleries And Breweries Ltd (SDBL): Although this counter is in “trade-to-trade” segment, it is still showing stability above Rs 70 levels. This support may further drive the prices towards Rs 84 and then Rs 90 levels. The MACD is crossing the zero line upward, as per daily chart. CLICK HERE FOR THE CHART
Khoday India Limited: The stock does not see much trading volume on a daily basis and trading in such stocks is a risky affair. However, the trendline breakout at Rs 57 may trigger an upside as per daily chart. Immediate support comes in at Rs 55 levels. CLICK HERE FOR THE CHART
Jagatjit Industries Ltd: The counter needs to cross the resistance level of Rs 27, as per daily chart. Till the counter trades above Rs 22, the positive bias may prevail. CLICK HERE FOR THE CHART
