Rico Auto INDS NSE (ALL TIME HIGH)
Updated
Date - 1st March 2024
Rico has already breached All time high price level which was 114 Rs.
Expecting huge target of 220 from current price 115 of Cup & Handle pattern.
Wave Count also in Favour 5th leg on monthly timeframe is still remaining.
for the safer side majority of your entry should be on retest that shown in chart.
5ema is also supporting on monthly basis so can carry with it.
Thank You.
Rico has already breached All time high price level which was 114 Rs.
Expecting huge target of 220 from current price 115 of Cup & Handle pattern.
Wave Count also in Favour 5th leg on monthly timeframe is still remaining.
for the safer side majority of your entry should be on retest that shown in chart.
5ema is also supporting on monthly basis so can carry with it.
Thank You.
Note
This Month (Mar) month closing candle should be on 114.85 ( Pre High).Furthermore on this after Month closing.
Note
Huge Monthly Candle & Significantly High Volume at ATH Price of Rico Auto.It might go sideways for few times in coming days between 120 Rs to 145 Rs (High Volume Range) because I have seen many times after strong sudden movement on any side price try to little settle for a while and then it will continue with its the trend again.
All in all, Strong Stock and Good to Carry for Longer Periods.
Note
Rico is showing Bullish Continues Divergence in 4H TF with MACD.Note
That Bullish Div. showing its strength today with decent upside move.Note
Let it Retest on yellow zone shown in ChartFurther View on this after that.
Note
Range Breakout in Daily TF is Visible.Note
Retesting if it will show reversal sign you can avg price in RICO.Trade active
Currently Price is on 100 Ema in 1W Timeframe✔️
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