Key Events This Week
8 Jun: Technical momentum shifts amid mixed indicator signals
9 Jun: Significant open interest surge amid mixed market signals
10 Jun: Notable open interest increase with mixed price performance
12 Jun: Strong price rally closes week on a positive note
8 June: Technical Momentum Shifts Amid Mixed Signals
Radico Khaitan began the week with a slight decline of 0.31%, closing at Rs.3,479.90, marginally below the previous close. The stock’s technical momentum softened from bullish to mildly bullish, reflecting a moderation in buying pressure. Key indicators such as the MACD remained bullish on weekly and monthly charts, signalling underlying strength, while the weekly RSI turned bearish, suggesting short-term momentum loss. Bollinger Bands and moving averages indicated contained volatility within an upward channel. Despite the 0.31% dip, Radico Khaitan outperformed the Sensex, which fell 1.33% that day, highlighting relative resilience amid broader market weakness.
9 June: Open Interest Surges Amid Mixed Market Signals
The stock rebounded modestly by 0.59% to Rs.3,500.30, supported by a significant 14.5% surge in derivatives open interest, rising from 2,198 to 2,516 contracts. Futures volume was robust at 1,290 contracts, with a combined derivatives market value of approximately ₹13.52 crores. This increase in open interest alongside rising delivery volumes (up 49.85% to 1.7 lakh shares) suggested fresh accumulation and heightened investor participation. However, Radico Khaitan underperformed its sector, which gained 1.18%, and the Sensex, which rose 0.88%. The stock traded above its longer-term moving averages but remained below the 20-day average, indicating near-term resistance and a consolidation phase.
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10 June: Notable Open Interest Increase Despite Price Decline
On 10 June, Radico Khaitan’s open interest further expanded by 10.56% to 3,006 contracts, with futures volume steady at 1,279 contracts. The total derivatives market value reached approximately ₹3.01 crores, reflecting active positioning ahead of potential catalysts. Despite this, the stock price declined 0.66% to Rs.3,477.10, underperforming the beverages sector’s 0.81% gain and the Sensex’s 0.45% rise. The stock remained above its 50-day, 100-day, and 200-day moving averages but below the 5-day and 20-day averages, indicating short-term weakness amid a longer-term bullish trend. Delivery volumes moderated, falling 17.14% to 1 lakh shares, suggesting some profit-booking or reduced conviction among holders.
12 June: Strong Rally Closes Week on Positive Note
Radico Khaitan closed the week with a robust 2.56% gain, reaching Rs.3,539.00, its highest close of the week. This rally outpaced the Sensex’s 2.20% gain on the same day, signalling renewed buying interest and technical strength. The stock’s technical momentum upgraded from mildly bullish to bullish, supported by positive MACD signals on weekly and monthly charts and bullish daily moving averages. The RSI remained neutral, indicating room for further appreciation without immediate overbought risk. Bollinger Bands hugged the upper range, confirming strong momentum. The Know Sure Thing (KST) oscillator was bullish weekly, though mildly bearish monthly, suggesting short-term strength with some longer-term caution. Overall, the stock’s outperformance against the Sensex and upgrade in mojo score to 77.0 with a Buy rating reinforced a positive outlook.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-06-08 | Rs.3,479.90 | -0.31% | 34,673.90 | -1.33% |
| 2026-06-09 | Rs.3,500.30 | +0.59% | 34,979.26 | +0.88% |
| 2026-06-10 | Rs.3,477.10 | -0.66% | 34,766.59 | -0.61% |
| 2026-06-11 | Rs.3,450.55 | -0.76% | 34,580.95 | -0.53% |
| 2026-06-12 | Rs.3,539.00 | +2.56% | 35,342.50 | +2.20% |
Key Takeaways
Positive Signals: Radico Khaitan outperformed the Sensex with a 1.39% weekly gain, supported by a strong technical momentum upgrade on 12 June. The sustained bullish MACD on weekly and monthly charts, combined with rising delivery volumes and surging derivatives open interest, indicate growing investor conviction and potential for further gains. The mojo score upgrade to 77.0 with a Buy rating reflects improved fundamental and technical confidence.
Cautionary Notes: Early-week mixed technical signals, including a bearish weekly RSI and short-term resistance below the 20-day moving average, suggest potential consolidation or minor pullbacks. Delivery volumes moderated midweek, and the monthly KST oscillator remains mildly bearish, advising vigilance for longer-term trend shifts. Relative underperformance versus the beverages sector on some days highlights sector-specific risks.
Conclusion
Radico Khaitan Ltd’s week was characterised by a transition from mixed technical signals and subdued price action to a strong finish marked by a bullish momentum upgrade and outperformance against the Sensex. The notable increases in derivatives open interest and delivery volumes underscore active market participation and positioning ahead of potential catalysts. While short-term caution remains warranted due to some conflicting indicators, the overall technical and fundamental backdrop supports a cautiously optimistic outlook for this mid-cap beverages stock. Investors should continue monitoring volume trends, moving averages, and sector developments to assess the sustainability of the current momentum.
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