Have a look at the chart of radico, after a good up move in recent past stock was consolidating with falling direction and able to take support with todays session.
as per the patterns we can see that, there is a development of “INVERTED ASCENDING TRIANGLE” on chart, where price able to touch the support level.
With the candlestick pattern we can see that, there is big leg “DOJI” on chart today, so for coming days and trend, doji’s high and low seems to be important.
look at the rsi with the price it able to take support at trendline, so price action can give some scope for overbought zone.
so with the basic study we can see that, if price able to move above 140 level one can buy in this stock, with 135 as sl on intraday basis, target it can given is 145-152
if price able to close above 140 level near to the day’s top then only one can hold delivery in this with 128 as a support for coming days.
bigger price action can be seen if stock given close above 152 in coming days, so if it face resistance near to this level then advice to exit full here…