Long Idea of #RICOAUTOOnce price Breakout above 64.5 seen good moment from this level.
RSI Monthly above 60
RSI Weekly above 60
RSI Daily above 60
RICOAUTO trade ideas
Rico Auto - Weekly Time FrameRico Auto
CMP: 58.05
T1: 62.65
T2: 74.20
T3: 87.30
SL: Black Trendline. (When a candle closes below black trendline on a closing basis)
bullishIn the last 15 odd days Rico Auto has shown a strong uptrend by staying above a strong descending resistance angle. The next important resistance level comes at 80 level and if the momentum remains bullish we may see that level between the first week and the second week of January '23. That will be +30% from the present level. Progressive support level range is 55 to 49.
RICOAUTOthe trend reversal pattern in auto sector could help this scrip too, trading near trend line if crossed 53 level then make long position
Rico Auto - Daily TFFollow the Trend:
As Auto companies saw a good swing can see the impact on Auto ancillary companies
SUPPORT AND RESISTANCE Rico auto has broken resistance which become support and getting rejection from support know the support area become demand zone where we can enter into the stock
Expecting trendline Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So Traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Ricoauto - BullishRicoauto - Bullish - when in cross/ break the resistance...
Educational purpose...
RICOAUTO positional viewEnter at 39.15, SL-38, TGT-41.75/42/44/48
44 and 48 are only possible if the breakout is done and sustained
Buy Rico autoAccording to weekly chart anylasis its make rounding bottom pattern we can buy @cmp or 47 above for target 60++
Rico Auto Industries Ltd- Can rebounce ?????Breakout already happen with good volume, only concern about market sentiments.
Keep a SL small around 39.5- - 40 on closing basis. Near term target 48,50 and 52.
* Note - Only for educational purpose.
RICOAUTO swing trade idea#RICOAUTO looks like good swing trade in the range of 58-61 for 70, 78, 87 targets with stop loss below 53. Expected timeline - 1 month.
Rico auto Asy triangle BONSE:RICOAUTO
Buy above 58 or near 52-50
SL closing below 45
T 62 67 74
above 75 closing we can see 90+
RICOAUTO Cup & Handle Resistance BONSE:RICOAUTO
All levels updated on chart,
Buy only price sustains first 15 mins above the entry level.
support level will be the SL.
ATH stock, T & F both looking good, Position holders can use the nearest SL and day traders, strictly support level.
Like and comment your views, follow the channel for daily updates.
Go LONG!Broken Out of a channel on Monthly Time Frame indicating a strong upmove in coming weeks. Stay invested for target mentioned. Remember, it'd be an investment. So sit with patience for awesome gains. :-)
#RICOAUTO looks to be a eligible counter for breakout above 54#RICOAUTO looks to be a eligible counter for breakout above 54
The counter made a high to this zone 6 weeks back and then made a new base at 45+ levels ,
The volume support has been increasing in the recent past
The counter has making highers highs for while now and nearing its recent BO point
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions
Mutliyear Breakout Possible target : ₹70 (its next resistance level )
Buy with strict stop loss of ₹46
RICO AUTO - A good long opportunityObserved that Rico Auto Industries is steadily going up and has now paused at a key Fibonnaci level. Managing to cross that, it stands a good change to the levels plotted on the chart. Traders watching this stock may want to look out for a good buy opportunity.
Tradingview gives it a STRONG BUY rating.
As always, please do your own due diligence on each and every security before you act.
Queries / Feedback welcome.
All the best to all.
Buy RICO AUTOAccording to chart anylasis its give bullish breakout bad closed 10 day ema.
Buy @ CMP 50 or above.
Target: 55, 62, 70++ short term target.
Positional target 100++
Looks good on close above 53. trying to break parallel channel with volumes and their is monthly reistance at 53.
Should do good once closes above 53. Keep an eye.
P.S. For educational purposes.
