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...
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
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...
