📈 RADICO – Cup Base Forming | Testing Waters, No Diving Yet
RADICO is forming a classic cup base on the weekly chart, trading above key DMAS with improving structure and RSI strength. A pilot entry to test the strength of the setup — not a full position.
🔍 Technical Overview
🟢 Structure: Well-formed cup attempting a neckline test
⚠️ Volume: Currently drying up — wait for breakout + volume spike
📍 Entry: Early Pilot Entry t at ₹2,552.45
✅ Add only if ATH breaks (₹2,638.95) with a clean weekly candle and volume confirmation
⚖️ Risk Management
❌ SL is deep (~15%) — manage position sizing carefully
💡 Expect shakeouts — volatility remains elevated
🧠 This is a positional pick, not a short-term play
🔄 Risk: Reward planned near 1:2, but no hard target in the current market volatility
⚠️ Macro Context
Nifty 500 is still below its 200 DMA
The market is not fully out of danger
Be nimble, not aggressive
🧠 Final Thoughts
Test the setup, don’t commit fully yet
Let volume confirm — breakout without power = trap risk
Trade as per your style
Risk management isn’t optional — it’s survival
📉 Disclaimer:
This is not investment advice. For educational purposes only. Do your own research and manage capital based on your strategy.
RADICO is forming a classic cup base on the weekly chart, trading above key DMAS with improving structure and RSI strength. A pilot entry to test the strength of the setup — not a full position.
🔍 Technical Overview
🟢 Structure: Well-formed cup attempting a neckline test
⚠️ Volume: Currently drying up — wait for breakout + volume spike
📍 Entry: Early Pilot Entry t at ₹2,552.45
✅ Add only if ATH breaks (₹2,638.95) with a clean weekly candle and volume confirmation
⚖️ Risk Management
❌ SL is deep (~15%) — manage position sizing carefully
💡 Expect shakeouts — volatility remains elevated
🧠 This is a positional pick, not a short-term play
🔄 Risk: Reward planned near 1:2, but no hard target in the current market volatility
⚠️ Macro Context
Nifty 500 is still below its 200 DMA
The market is not fully out of danger
Be nimble, not aggressive
🧠 Final Thoughts
Test the setup, don’t commit fully yet
Let volume confirm — breakout without power = trap risk
Trade as per your style
Risk management isn’t optional — it’s survival
📉 Disclaimer:
This is not investment advice. For educational purposes only. Do your own research and manage capital based on your strategy.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.