RADICO – Cup Base Forming | Testing Waters, No Diving Yet

📈 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.