The 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 Industries Ltd. - Marubozu Breakout Candle, Huge Volume
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...
RICOAUTO Daily Chart Cup and handle pattern Breakout with Huge volume. Can enter after retest or pullback
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 ...
RSI above 70 and rising Trading above EMA50 Volume accumulation Disc: For Study, Not a recommendation
Rico 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 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
It 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
📈 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
Disclaimer: Not an investment advice, just my personal trade diary. Opinions and views are always welcome as it helps us grow together.
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
A Strong Breakout by Rico Auto Looks like it will double from here !! 200 looks coming soon. Support Area is 83 level
The 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
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...
i wouldnt put all my money on this since the stocks volume isnt that great but enjoy the gains
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...