NSE: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.
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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
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 ,...
Observed 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...
According 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++
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.
#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...
Rico Auto Industries Ltd. engages in the manufacturing and sale of auto components for two wheelers and four wheelers. Its products includes oil pump assembly, fuel system parts, center housings, back plates, oil pan, front cover, main bearing caps, and brake discs. The company was founded in 1984 and is headquartered in Gurugram, India.
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