RICO AUTORico auto has breakout nearly 19 years resistance and retest that level
TGT upto 229 SL bellow 120
and this is only for educational purpose
RICOAUTO
RICOAUTO.. UPSIDE MOVEMENT NOW...it takes rest of liquidity or pending orders from here...and posile to move our targets..
RicoAutoINDSRicoAutoINDS Monthly chart breakout buy on dip. Break Double Bottom 1Target 200 & 2Target 275..
Rico Auto 130 now, looks powerful on chartRico 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, 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.
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.
