RICO AUTOTime Frame - Daily
1. Fibonnaci 0,618 level 81.65
2. Looking strong at supports
3. A retracement seen after a sharp uptrend
This chart is only for educational Purpose. Do your own study before taking any trades
RICOAUTO trade ideas
RICOAUTO - Cup and Handle PatternSign of strengths - Ultra high volume breakout candles
Cup and Handle Pattern Breakout
CMP - 90.4
Placing GTT Trigger order at 94
SL 85
RICO AUTO-Bullish GapRICO AUTO-Above 92 exists a bullish gap which remains to be filled.If holds above 92 on closing basis likely to fill the gap
(Foe educational purpose only)
RICOAUTO - Long Setup, Move is ON..NSE:RICOAUTO
✅ #RICOAUTO trading near Resistance of 107
✅ Next Resistance is at 169
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BREAKOUT, RICO AUTO, 50% RETURNS!!!BUY - RICO AUTO INDS
CMP - Rs. 102
Target - 1: Rs. 125
Target - 2: Rs. 154
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Timeframe - Target - 1: 2-4 months, Target- 2: 5-8 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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RICO Auto in bullish modeLong Rico auto after the break out of the major resistance zone @ 112. Expected levels of 140-150 with SL of 98. We can see the 50 EMA as well as trend line support.RSI also forms positive divergences. This is for your educational purpose only.
Rico Auto - Last resistance before 18 year breakoutRice Auto is entering its last resistance zone before it could move into ATH territory.
Once 120 gets taken out its open space towards an 18 year breakout..
Markets are currently hot and a cooloff could first happen to maybe even 98 but that might be an excellent zone to add more of the stock.
Once it takes out 120 there is no stopping this stock.
RICO AUTO IS READY?DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
Rico AutoCMP =80.55
Breakout with good volume on 18 May, Gap which was created on 15 Feb was filled significantly with good volumes.
RSI= 66
Fundamentally:- Not so good stock with ROCE and ROE being less than 10.
SL for this stock can be just below the 75 levels.
Target:- 86
Disclaimer:- This is not any buy or sell recommendation, this analysis is just for educational purposes. Take any buy or sell call only after consulting with your financial advisor.
Keep Learning, Keep Growing !!
Inverted HeadAndShoulder breakout in RICOAUTOInverted Head and shoulder breakout on RICO AUTO on daily timeframe
PS: For learning purpose only
RIco auto heading towards wave 5Rico auto on the way to complete wave 4 correction Flat if price move fast and break trendline take long for targets of 105
RICO Auto rounding bottom pattern.Stock is in the process of completion of rounding bottom pattern and will head towards all the high. Will take time and one should hold patiently for better returns.
Rico Auto breakutprice volume breakout
Good price up move with rise in volume in falling market
indicating good hands has entered
RICOAUTO Good up move Probability RicoAuto is on the verge of a strong breakout.
Entry - 61 till 59
Target - 75
SL - 55.60
Study & Trade Responsibly
Rico Auto Weekly TFThe stock is at important juncture.
It's trying to cross 4 years strong horizontal TL.
Already trading above the rising channel of 8 months.
A strong close above it can give 15 to 20% gain.
Bullish structure on daily, weekly and monthly TF.
Possibility of retest of breakout is also there .
Rico Auto industires LtdCup and handle breakout in Rico Auto Industries Limited with very high volume
Inverse Head and Shoulders Breakout at RICOAUTO Inverse Head and Shoulders #Breakout at #RICOAUTO (Rico Auto Industries Ltd) Weekly Chart. Its #Outperformed #Nifty
BSE: 520008 / NSE : RICOAUTO
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Rico Auto-Upmove comingRico Auto has great price action, RS is +ve and given breakout on weekly chart with good volumes. This can move to 105+ levels soon.
Expecting Breakout ✌✌This scrip is expected to give breakout in the coming days as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
