RICO AUTO INDS NSE:​RICOAUTO

RICOAUTO 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!

Dear All , Everything is mentioned Over the Chart ... Good Luck !!!

After 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.

Given a breakout of Pennant with good volumes.

Given a Pennant Breakout in daily with good volumes. If sustains at these levels. Doors of higher levels may open.

Looking to go Long at 86 ...resistance at 97 for long term trend is bullish learning only

Everything mentioned on chart :) ....

RICO AUTO - Breaks out with huge volume..go long in this counter

Keep a eye for price consolidation and potential buy opportunity !! (Not a intraday idea)

Scrip had reached crucial support level for not having so good Mar-(YoY) results 2017 although, OPM% managed to remain above inflation rate :) Bullish reversal appears on the card for now TP = Resistance 1, 2 around consolidation as seen earlier Crossing could touch (52 week high) 75.35

buy range 50-60 sl 48 Target 100

ew,h and s

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