RICOAUTO trade ideas
#RICOAUTO CMP49.05 #TARGET 68 #JBMA #JAMNAAUTO #HONAUT #AUTOIND#RICOAUTO
LONG TERM INVESTMENT
NSE: RICOAUTO
CMP 49.05
Target 68.30
SL 44.25
Profit 40%
Can Hold For Long Term
Factors:
Trend Following
Follow the trends.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Triangle Breakout in RICOAUTOEcpected Upmove with support of EMA 50
RSI<80
Heavy Volume Breakout
Entry above 49.80
Target - 52,55,60++
SL - 44 (Purely on closing basis)
Looks good for upside Movement. Volume AccumulationTrading in good volume .Momentum Looks good. Breakout above 52
RICOAutoLong if starts to stay an close above 45
For swing trades keep SL as 40 on CLBS
Long term investors or already holding...
can hold with Sl of close below 35
RICOAUTO Heading soon towards BO lineRICOAUTO
Looks good to buy today if closed with green candle above 20DMA.
Parallel line showing the price will heading soon to BO line.
CMP 40.70
Target 51,54..
RICO AUTO - This Auto Stock is getting ready, GO LONG for ITRico Auto is getting Ready for next high ride
RICOAUTO - short term trade opportunitystock has broken out of the triangle pattern and is getting candle tails at support. Look for short term trading opportunity
RICOAUTO - 1D chartcan be cosidered for a swing, keep strict SL, lowe low formation is also changing
RICO AUTO TARGET UPDATE 10-9-2020Look fresh near 29-30 for upside 35-40-45 with SL 25.. Refer chart for more details...
pennant pattern on Rico Dailt ChartPennant pattern created on daily chart of Richo Auto, anytime breakout can happen on it.
Stock flowing in short uptrend above its 50 MA.
Didnt break retracement level of 24.45 couple of days back, again taking support from somewhere there.
Average Delivery data of 10 days in NSEindia is 47.528
can add 6 rupees of target from the breakout point.
RICOAUTO Buy SetupRICOAUTO showing strength with good volume
Buy 44 to 46
SL 34
Target 54, 64, 72, 80 & 90
Follow the Fib levels as per chart
Rico Auto : Seems A Good Buy Above Suggested Levels {Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
RICOAUTO bulls need to be carefulRICOAUTO is currently facing resistance and in days to come it could test the channel bottom if it breaks down below 88.
Rico bulls need to be careful even after a breakout above 107!
Rico AutoAfter a brief consolidation of over a month, the stock has broken out and is posed to start it's next leg. Keeping a trailing SL of 98 odd levels, strength can be seen ahead on the stock.
