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...
This is the analysis of RICOAUTO in Monthly Time Frame. Watch carefully. The chart explains itself. The stock may retest the breakout level again. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your...
DO NOT MISS THIS BREAKOUT! A clean volume breakout with retest done in daily TF. Stock will fly from here. A small consolidation can be expected which is best time to accumulate this stock We might not see this stock at this price in coming few years again. A good fundamental auto ancillary stock
📈 Stock Name - Rico Auto Industries Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 150. 🚨Disclaimer: This is not a Buy or Sell...
RICO AUTO monthly chart given good breakout with volumes. risk reward is also favourable . Disclaimer:- Just sharing my personal view and Not any recommendation
There is a one more stock Which is showing a great opportunity after breakout there is a good retest, stock is in near support cum resistance. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Pasted a...
RICO AUTO Showing Strongness & ready for a big upmove, we can clearly see such good volume in recend days with Monthly Breakout or Days Breakout with FollowUp Candle
📈 Stock Name - Rico Auto Industries Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 124. 🚨Disclaimer: This is not a Buy or Sell...
Wait for breakout after retractement 100rs to 120 is taking support level this level is perfect entry place,203 rs is first Target and 320 rs second target, 70 below stoploss 75-80 rs avarage this level again if price come again level
NSE: RICOAUTO is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on...
RicoAuto has given a breakout after taking the support at 200 EMA. As it has given the breakout a nice bullish momentum is expected. The trade has a nice Risk:Reward :: 1:3. Reasons: High spike of voulme shows huge buy interest. Price > EMA(13,50,200) (Bullish) Nice Range Breakout next level of resistance is 109. RSI is crossing 60 to upside means...
NSE:RICOAUTO ✅ #RICOAUTO trading near Resistance of 107 ✅ Next Resistance is at 169 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This...
Long Rico auto after the break out of the major resistance zone @ 112. Expected levels of 140-150 with SL of 98. We can see the 50 EMA as well as trend line support.RSI also forms positive divergences. This is for your educational purpose only.
price volume breakout Good price up move with rise in volume in falling market indicating good hands has entered
Cup and handle breakout in Rico Auto Industries Limited with very high volume
Rico Auto CMP: 58.05 T1: 62.65 T2: 74.20 T3: 87.30 SL: Black Trendline. (When a candle closes below black trendline on a closing basis)
Follow the Trend: As Auto companies saw a good swing can see the impact on Auto ancillary companies
Ricoauto - Bullish - when in cross/ break the resistance... Educational purpose...