Rico Auto 130 now, looks powerful on chart for med-long term view.
Do check with your financial advisor before taking any trade.
This is just a educational post for study how price action based stocks perform.
Rico Auto after last results shown good correction, which was a chance to accumulate at lower level. todays candle shows strength is building up and stock is moving ahead to fill the gap ahead.
Stock can fill gap and make 100+ and above that 110 and 120.
Trendline support can be seen on weekly chart as well.
The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
As can be seen in the image, price has given clear breakout from Ascending Triangle Pattern with huge volume candle.
Now the price is coming down to retest the breakout and as we...
