READY FOR 19 YEARS' BREAKOUTForming good price action. 19 years break out. make or break Zone. Market will decide in December 3rdweek What Rico auto should be
RICOAUTO trade ideas
RICO AUTO LONG YEAR BREAKOUTrico auto in uptrend.long year breakout.now in up trend channel in 15 TM.best time for swing for me
Rico auto, uptrendRico 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.
HOW TO FIND TRADING OPPORTUNITIES This is a study of trade opportunities using a new indicator which i developed for self trading ..
the indicator considers pivots, levels, and other indications..
this works better when u consider orderflow analysis and oi datas..
Round Bottom BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Rico AutoLooks good to break one of important Gann Box levels @104.
RSI above 65 in all the major time frames with more volumes coming in
RICO AUTO - perfectly poised for a breakoutOnce it crosses the level of 94, it might show some spectacular moves of 10-20% atleast. Do check this out and keep an eye on its breakout.
RICO AUTOA 262 weeks base.
nice Cup & Handle Formation.
Consolidating Near Breakout.
Can See A Good Upmove.
Rico Auto : Cup Pattern BreakoutStock 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....
RICO AUTO 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 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.
RICO AUTO...BuyGood 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 : Rico AutoStock analysis of Rico Auto from Small cap index which might show good upside potential in days to come.
Rico - Target Rs. 50Hello 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
RICOAUTO - Ascending Triangle Pattern breakout & retest - SwingThe 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 can, volume candle is smaller. Hence this can be taken as retest.
Entry, SL and Targets are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Rico Auto pennant pattern Breakout 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.
