RICOAUTO positional viewEnter at 39.15, SL-38, TGT-41.75/42/44/48
44 and 48 are only possible if the breakout is done and sustained
RICOAUTO
Rico auto Asy triangle BONSE:RICOAUTO
Buy above 58 or near 52-50
SL closing below 45
T 62 67 74
above 75 closing we can see 90+
#RICOAUTO looks to be a eligible counter for breakout above 54#RICOAUTO looks to be a eligible counter for breakout above 54
The counter made a high to this zone 6 weeks back and then made a new base at 45+ levels ,
The volume support has been increasing in the recent past
The counter has making highers highs for while now and nearing its recent BO point
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions
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.
Queries / Feedback welcome.
All the best to all.
#RICOAUTO CMP49.05 #TARGET 68 #JBMA #JAMNAAUTO #HONAUT #AUTOIND#RICOAUTO
LONG TERM INVESTMENT
NSE: RICOAUTO
CMP 49.05
Target 68.30
SL 44.25
Profit 40%
Can Hold For Long Term
Factors:
Trend Following
Follow the trends.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Triangle Breakout in RICOAUTOEcpected Upmove with support of EMA 50
RSI<80
Heavy Volume Breakout
Entry above 49.80
Target - 52,55,60++
SL - 44 (Purely on closing basis)
RICO AUTO TARGET UPDATE 10-9-2020Look fresh near 29-30 for upside 35-40-45 with SL 25.. Refer chart for more details...
RICOAUTO bulls need to be carefulRICOAUTO is currently facing resistance and in days to come it could test the channel bottom if it breaks down below 88.
Rico bulls need to be careful even after a breakout above 107!
