Breakout is the starting point of a Long term Bullish journey. That’s how multi-baggers play out over a long period of time
The stock – Radico Khaitan
Radico Khaitan stock started its bullish breakout journey when it broke out above the levels of 150-160. I covered it back then in August 2017
https://www.smarketpremium.com/2017/08/29/heres-one-stock-that-looks-set-for-momentum-move/
Radico Khaitan stock never looked back and in just 10 months rallied from 170 to 500 levels.
Source: Chartalert.com
The stock formed multiple tops around 500 levels and has pulled back. The stock seems to have retraced 61.8% of the rally from this highs
Source: Chartalert.com
It’s a great stock to accumulate between 250-330 for next round of bullish run. This stock has the potential to move up x number of times over next 5 years
Please do your own due diligence for trading
Hi Deepak…Does Radico still feature as a breakout ? I think the article is from 2018 but filed under Oct 2019