Rico Auto Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (January, 2005). Now It has given a Multiyear (19Y) consolidation breakout & Closed at it's All Time High with strong bullish momentum candle & with Life Time High Volume in Weekly Time Frame.
3) The stock will find it's next resistance around the price (150).
4)...
SULA / Sula Vineyards Ltd - 5 months consolidation breakout | All Time High
1) Time Frame - Weekly.
2) 5 months of consolidation / previous All Time High broken in weekly time frame with huge volume.
3) Since the stock is moving in an uptrend channel it will find its resistance around the price (626.45 - 13% from today's close).
4) Recommendation - Strong Buy
ADANIPORTS
1) Time Frame - Weekly.
2) 3 Years of consolidation breakout happened on 1st week of December 2023 & Now the stock has retraced its breakout point & consolidated 3 weeks & broken and closed today with a strong bullish weekly candle.
3) Recommendation - Strong Buy
1) Strong weekly close above Previous ATH 476.
2) Trend goes in an uptrend channel - Weekly TF.
3) The weekly uptrend channel trend's resistance is at 553.55 and that will be the target 1.
4) In monthly TF - There is a Cup with Handle pattern breakout. As per Monthly TF and Pattern - The Target (Resistance) is at 660.
5) Strong Buy.
1) Strong weekly candle close at all time high with long term - multi year trend breakout.
2) Expect a bullish rally in upcoming weeks.
3) If it seems risky - wait for the retracement and the take an entry.
