๐ RADICO โ 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 โ not a full position.
๐ Technical Overview
๐ข Structure: Well-formed cup attempting a neckline test
โ ๏ธ Volume: Currently drying up โ wait for breakout + volume spike
๐ Entry: Early Pilot Entry t at โน2,552.45
โ Add only if ATH breaks (โน2,638.95) with a clean weekly candle and volume confirmation
โ๏ธ Risk Management
โ SL is deep (~15%) โ manage position sizing carefully
๐ก Expect shakeouts โ volatility remains elevated
๐ง This is a positional pick, not a short-term play
๐ Risk: Reward planned near 1:2, but no hard target in the current market volatility
โ ๏ธ Macro Context
Nifty 500 is still below its 200 DMA
The market is not fully out of danger
Be nimble, not aggressive
๐ง Final Thoughts
Test the setup, donโt commit fully yet
Let volume confirm โ breakout without power = trap risk
Trade as per your style
Risk management isnโt optional โ itโs survival
๐ 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 โ not a full position.
๐ Technical Overview
๐ข Structure: Well-formed cup attempting a neckline test
โ ๏ธ Volume: Currently drying up โ wait for breakout + volume spike
๐ Entry: Early Pilot Entry t at โน2,552.45
โ Add only if ATH breaks (โน2,638.95) with a clean weekly candle and volume confirmation
โ๏ธ Risk Management
โ SL is deep (~15%) โ manage position sizing carefully
๐ก Expect shakeouts โ volatility remains elevated
๐ง This is a positional pick, not a short-term play
๐ Risk: Reward planned near 1:2, but no hard target in the current market volatility
โ ๏ธ Macro Context
Nifty 500 is still below its 200 DMA
The market is not fully out of danger
Be nimble, not aggressive
๐ง Final Thoughts
Test the setup, donโt commit fully yet
Let volume confirm โ breakout without power = trap risk
Trade as per your style
Risk management isnโt optional โ itโs survival
๐ 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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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.