Long Trade Idea: NSE:RADICO

🚀 Long Trade Idea: NSE:RADICO (Radico Khaitan Ltd) 🚀

📌 Current Price: ₹2,111.20
📌 Analyst Target Range (1-Year Forecast): ₹2,380 - ₹2,996
📌 Analyst Consensus: Strong Buy


📊 Technical Analysis Highlights:

1️⃣ Liquidity Sweep:
- Today's daily candle has swept the liquidity from 22nd October 2024, signaling a possible bottom formation and potential reversal.

2️⃣ Nen Star Harmonic Pattern (27.01.2025):
- This harmonic pattern is a strong reversal signal, suggesting the end of the ongoing downtrend and a shift towards bullish momentum.

3️⃣ Relative Strength vs. NSE:NIFTY:
- The 123-period Relative Strength (RS) of RADICO compared to NSE:NIFTY is positive, indicating outperformance and potential upside in the coming sessions.

4️⃣ Chart Pattern - Falling Wedge:
- The stock is forming a falling wedge, which is a bullish breakout pattern. A breakout above resistance could trigger a strong upside move.

5️⃣ Discounted Price Opportunity:
- The stock is trading at a heavy discount relative to analyst price forecasts and fundamental valuation, making it an attractive buy for traders and investors.

• - Revenue Growth: Consistent increase in revenue driven by premiumization of products.
  
• - Profit Margins: Healthy margins indicate strong pricing power.
  
• - Industry Outlook: Alcoholic beverages sector remains resilient with growing demand in India.
  

⚠️ Disclaimer:
*This analysis is for educational and informational purposes only and should not be considered as financial advice. Stock market investments involve risk. Please do your own research or consult a certified financial advisor before making any investment decisions. I am not a certified financial analyst.*