Date - 1st March 2024
Rico has already breached All time high price level which was 114 Rs.
Expecting huge target of 220 from current price 115 of Cup & Handle pattern.
Wave Count also in Favour 5th leg on monthly timeframe is still remaining.
for the safer side majority of your entry should be on retest that shown in chart.
5ema is also supporting on...
Hi All
I am sharing bullish bullish outlook on RICOAUTO stock IT is showing Positive Price Action Signals:
we can expect good return on this stock.
stoploss would be below 70.
This is the analysis of RICOAUTO in Monthly Time Frame. Watch carefully. The chart explains itself. The stock may retest the breakout level again.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your...
Date : 02-03-2024
Buy RICO Auto above 126.30
Target of 138, 153, 168
SL 96
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Multi Year Breakout formation. Stock is trading near it's Multi-year resistance.
A strong candle closing may lead to a good upside move.
Fundamentals of the company is not too good.
www.screener.in
DO NOT MISS THIS BREAKOUT!
A clean volume breakout with retest done in daily TF.
Stock will fly from here.
A small consolidation can be expected which is best time to accumulate this stock
We might not see this stock at this price in coming few years again.
A good fundamental auto ancillary stock
📈 Stock Name - Rico Auto Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 150.
🚨Disclaimer: This is not a Buy or Sell...
Rico Auto Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (January, 2005). Now It has given a Multiyear (19Y) consolidation breakout & Closed at it's All Time High with strong bullish momentum candle & with Life Time High Volume in Weekly Time Frame.
3) The stock will find it's next resistance around the price (150).
4)...
RICO AUTO monthly chart given good breakout with volumes. risk reward is also favourable . Disclaimer:- Just sharing my personal view and Not any recommendation
There is a one more stock Which is showing a great opportunity after breakout there is a good retest, stock is in near support cum resistance. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Pasted a...
RICO AUTO Showing Strongness & ready for a big upmove, we can clearly see such good volume in recend days with Monthly Breakout or Days Breakout with FollowUp Candle
Rico Auto is breaking all old Highs
July 2005, Oct 2017 July 2023
Keep Watch on this
Fresh Breakout above 144
Targets 169.195 in 2 quarters
Check Fundamentals though
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Breakout Confirmation: Rico Auto has decisively broken through multiple key levels, including the prevailing trendline, resistance, and the psychological barrier of 100, signaling a significant bullish development.
50 EMA Support: The stock's breakout has been accompanied by the breach of the 50-day exponential moving average (EMA), which is now acting as a robust...
