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SHRIHARII
Mar 2, 2024 9:05 AM

RICOAUTO - 19 Years High / Multiyear Breakout Long

RICO AUTO INDSNSE

Description

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.
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