Get started
SHRIHARII

RICOAUTO - 19 Years High / Multiyear Breakout

Long
RICO AUTO INDS (NSE:RICOAUTO)  
SHRIHARII Updated   
NSE:RICOAUTO   RICO AUTO INDS
Trend Analysis Chart Patterns Beyond Technical Analysis multiyearbreakout consolidation-breakout alltimehigh weeklybreakout dailybreakout strongclose bullishmomentum multibagger VOLUMEBREAKOUT
16
0
trendanalysis chartpattern beyondta multiyearbreakout consolidation-breakout alltimehigh weeklybreakout dailybreakout strongclose bullishmomentum multibagger volumebreakout
Rico Auto Industries Ltd

1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (January, 2005). Now It has given a Multiyear (19Y) consolidation breakout & Closed at it's All Time High with strong bullish momentum candle & with Life Time High Volume in Weekly Time Frame.
3) The stock will find it's next resistance around the price (150).
4) Recommendation - Strong Buy
Comment:
As mentioned previously, The given target of 150 (15%) from the given price 130.05 is achieved.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.