Stock on Weekly TF made CUP Pattern Formation. The Duration of cup is format from 2018...longer the cup, stronger the move....stock going upside to 103 at CMP with 83 SL. Strong Momentum with high volatility....
Resistence 87.5 (volumed pickup) then 107.5 once cross will give good upside. before entered check Auto Sales Data. good round bottom formation.
Rico Auto Industries Limited is an integrated Auto Component Manufacturer present in the value chain from ‘Design to Delivery’, . It manufactures and supplies Aluminum and Ferrous Machined Components and Assemblies to Original Equipment Manufacturers and Tier-1 customers across the globe. Technically seems good for the target of 76/89.stop loss below 50. CMP 60.90.
Good price range breakout into a new zone...looks good for a long term buy...one one lot here..and one more on a correction
Stock analysis of Rico Auto from Small cap index which might show good upside potential in days to come.
Stock is on way to 91......meeting point of 161.8% and 25% fib.line..
Good breakout..moved because of the rainy season farmer postitive move...
Positional stock. The targets and stoploss are marked.
Hello everyone, Rico breakout is eminent and will touch Rs. 50 levels very soon, a good 25% gains from today. Target Rs. 50+ harmonics plus Waves
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...
Today Rico Auto broke pennant pattern upper resistance , if it close above todays high of 26.80 in tomorrow session. Then the Long positions can be taken on it. Support resistance and target given on the chart.