RICO AUTORICO 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
RICOAUTO trade ideas
Rico Auto BullishRico Auto is breaking all old Highs
July 2005, Oct 2017 July 2023
Keep Watch on this
Fresh Breakout above 144
Targets 169.195 in 2 quarters
Check Fundamentals though
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in RICOAUTO
BUY TODAY SELL TOMORROW for 5%
RICO- Strong Bullish Momentum - Breakout and Support ConfluenceBreakout Confirmation: Rico Auto has decisively broken through multiple key levels, including the prevailing trendline, resistance, and the psychological barrier of 100, signaling a significant bullish development.
50 EMA Support: The stock's breakout has been accompanied by the breach of the 50-day exponential moving average (EMA), which is now acting as a robust support zone, further reinforcing the bullish sentiment.
Volume Surge and Technical Strength: The breakout is supported by a notable increase in trading volume, as well as rises in both the Relative Strength Index (RSI) and the Average Directional Index (ADX), indicating growing buying pressure and strengthening momentum.
Smart Money Inflow: Big players are actively participating in the stock, suggesting underlying confidence in its potential. Employing tight stop-loss orders can help manage risk effectively in volatile conditions.
Trade Idea: With Rico Auto's breakout from key levels and strong technical indicators, a bullish stance is justified. Traders may consider long positions, with a focus on capitalizing on the upward momentum. Tight stop-loss orders are advisable to protect against adverse price movements and preserve capital.
RICO AUTO BREAKING OUT FROM CUP AND HANDLEThe stock has given a breakout from cup and handle pattern supported by great fundamentals , the stock has increased its PAT by 100% also it is trading close to the industry PE of 30 which shows fair valuation the stock has great potenital and can rally till 200 levels
Rico auto - Monthly chart 18 years multiyear bo confirmed.RICO AUTO - very bullish candle closing at monthly tf. good chart ought to be in watchlist and wait for good RR. this could be a good candidate for 2024.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
RICOAUTO DailyRICOAUTO Daily Chart
Cup and handle pattern
Breakout with Huge volume.
Can enter after retest or pullback
18 Years 3 Months & 15 days.... A massive Massive clear breakout in Rico Auto. an easy upsdie a new journey opens , for a potential of 200+ and 280 as a positional view ...
Multi Year Breakout in RICORSI above 70 and rising
Trading above EMA50
Volume accumulation
Disc: For Study, Not a recommendation
Rico Auto Industries Monthly Cup and Handle Pattern BreakoutRico Auto Industries Limited (nse: RICOAUTO) seems to be gearing up for a potential bullish move with a Monthly Cup and Handle Pattern breakout.
Breakout After 2005 Breakout After so many years NSE:RICOAUTO
Can Expect Huge Upside from this level
For Safe Entry can wait for retest or closing above 124 on Daily Time Frame
Multi Year Resistance Breakout With Reative VolumeIt manufactures and supplies Aluminum and Ferrous Machined Components and Assemblies to Original Equipment Manufacturers.
M Cap₹ 1,677 Cr.
ROCE 9.50%
InstHold 1.11%
Growth 3 Years:-
SALES 18%
PAT 33%
Multi Year Resistance Breakout With Reative Volume
RICOAUTO - Ichimoku Breakout📈 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 recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
👍 Like, Share, and Subscribe for daily market insights! 🚀
#StockAnalysis #MarketWatch #TradingEducation #ichimoku
Ricoauto indiaWait 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
Multi year Breakout with good volumeDisclaimer: Not an investment advice, just my personal trade diary. Opinions and views are always welcome as it helps us grow together.
RICO Auto - Formed W pattern on Monthly Chart - Great Moves !!W - Short formed W Pattern on Monthly Chart. The stock is trading ATH with great volumes, looks like some good news on the way.
Resistance and Support both plotted on the graph.
Disclaimer : Educational Content and not a Recommendation
Rico Auto - Cup & Handle BreakoutA Strong Breakout by Rico Auto
Looks like it will double from here !!
200 looks coming soon.
Support Area is 83 level
RICO AUTO GETTING READY FOR A MULTIYEAR BREAKOUTThe stock is testing it's 19 year old resistance zone and getting ready for a multiyear BO.
A Weekly/monthly closing above 111 can bring good momentum here.
A multiyear BO if sustained can give good positional returns.
This is not a BUY/SELL recommendation.
This idea is for Educational Purpose only.
Learn & Earn,
Dr. Tanya Kumar
RICOAUTO - Bullish Consolidation with VolumesNSE: 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 deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
auto industriesi wouldnt put all my money on this since the stocks volume isnt that great but enjoy the gains
RICAUTO Breakout analysis on 22 NovRicoAuto 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 heavy bullish momentum.
Price is just above VWAP.
Verdict:
Bullish breakout
Plan of action:
Buy = 95.60
Stoploss = 91.40
Target = 109
