Radhika Jeweltech Ltd
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Market insights
Breakout Alert – RADHIKAJWE📈 Breakout Alert – RADHIKAJWE
After months of consolidation, RADHIKAJWE has finally broken above key resistance & 200 EMA
✅ RSI flying above 70 (strong momentum)
✅ Price holding above Bollinger mid-band
✅ 200 EMA retest acting as support
Is this the start of a new trend?
Watch for volume confirmation & continuation
RADHIKAJWE - Bullish oNStock name - Radhika Jeweltech Limited.
✅#RADHIKAJWE
✅Next resistance142.
✅Moved 86% in 29 weeks.
Weekly chart
Chart is self explanatory everything.
Master score - C
Disclaimer : This is for demonstration and education purpose only. This is not buying and selling recommendation. I'm not SEBI registered.
Radhika Jeweltech LtdRadhika Jeweltech Ltd
Incorporated in 2016, Radhika Jeweltech Ltd manufactures and trades gold, diamond
& platinum jewelry.
RJL is a jewelry retailer based out of Rajkot, Gujarat. It primarily deals in Gold, Diamond and Customized jewellery. Company has served
20 lakhs+ customers till date. RJL offers services that include jewelry repairs, resizing, and cleaning.
Radhika Jeweltech LtdCMP-63.2
P/E ratio 15.05 which is very less as compare IP.
Diwali is coming so more focus on Jewellery stocks.
also govt cuts custom duty on gold in budget24 .
The company has shown a good profit growth of 32.35% for the Past 3 years.
The company has shown a good revenue growth of 22.09% for the Past 3 years.
Results are good and profit are also increasing
RADHIKAJWEStock name = Radhika Jeweltech Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
