This is the analysis of RICOAUTO in Monthly Time Frame. Watch carefully. The chart explains itself. The stock may retest the breakout level again. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your...
Wait for breakout after retractement 100rs to 120 is taking support level this level is perfect entry place,203 rs is first Target and 320 rs second target, 70 below stoploss 75-80 rs avarage this level again if price come again level
expanding pattern flat base and make higher high maybe we can get 20% return
NSE:RICOAUTO Buy above 58 or near 52-50 SL closing below 45 T 62 67 74 above 75 closing we can see 90+
Look fresh near 29-30 for upside 35-40-45 with SL 25.. Refer chart for more details...
RICOAUTO is currently facing resistance and in days to come it could test the channel bottom if it breaks down below 88. Rico bulls need to be careful even after a breakout above 107!
Keep a eye for price consolidation and potential buy opportunity !! (Not a intraday idea)