In the last 15 odd days Rico Auto has shown a strong uptrend by staying above a strong descending resistance angle. The next important resistance level comes at 80 level and if the momentum remains bullish we may see that level between the first week and the second week of January '23. That will be +30% from the present level. Progressive support level range is 55 to 49.
Comment:
In the enclosed chart, the 4/1 descending line is now the support line that will continues up to 10 Feb '23. The 1/1 ascending line is the resistance line that continues up to 19th January '23.