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me1vap

Rico auto heading towards 19 year breakout !

Long
RICO AUTO INDS (NSE:RICOAUTO)  
me1vap Updated   
NSE:RICOAUTO   RICO AUTO INDS
Support and Resistance Trend Lines
10
2
supportandresistance trendline
Chart is self explanatory ! This scrip is about to break 19 year old resistance with HH - HL formation.
Comment:
Narrow range consolidation around the previous major resistance area (in this case high of 2017) is a good sign, but obviously work with SL. For me SL is just below 80 on weekly closing basis.
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