RICO AUTO - A good long opportunityObserved that Rico Auto Industries is steadily going up and has now paused at a key Fibonnaci level. Managing to cross that, it stands a good change to the levels plotted on the chart. Traders watching this stock may want to look out for a good buy opportunity.
Tradingview gives it a STRONG BUY rating.
As always, please do your own due diligence on each and every security before you act.
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All the best to all.
Buysignal
ALOK INDUSTRIES--> Minimum 20% upside potential in short term>Breakout from a channel and retest of 20EMA with 50% fib retracement forming a flag pattern
>A buy trade can be initiated between 26.5 to 28 for at least 20% potential upside in short term with a stoploss of 24.5
>Favorable risk reward ratio of almost 5
Accumulate TCS at highest RRRObservations from TCS Chart:
1. Formation of an ascending triangle
2. A reversal from lower line is hinted by RSI divergence under formation.
3. Currently at lower price which has high risk to reward ratio.
4. Accumulate upto 3165. Set SL below 3150. Target 3750+
Right information at right time is the key..!!
Tata Metaliks: Breakout from Symmetrical triangle, Buy SIgnalTata metaliks had been trading within the symmetrical triangle pattern. Recently, the security has taken a breakout from the pattern in the daily time frame. Therefore traders should grab the buy opportunity