RICOAUTO 1 Week Time Frame

📊 Current Price Snapshot
The stock is trading around ₹115–₹122 range recently.

📈 Key Levels for 1-Week Time Frame

🔵 Resistance Levels (Upside Targets)
1. ~₹121–₹122 — Immediate resistance zone (short-term pivot region).
2. ~₹126–₹127 — Next resistance zone where sellers may appear.
3. ~₹129–₹132 — Higher resistance area, a target if momentum improves.
📌 If price breaks and sustains above ₹122–₹126 with volume, near-term bullish continuation could occur.

🔻 Support Levels (Downside Defense)
1. ~₹113–₹114 — First technical support.
2. ~₹110 — Secondary near-term support.
3. ~₹105–₹106 — Stronger lower support zone if selling accelerates.
📌 A close below ₹110 in daily charts often signals deeper pullbacks.

📌 What Traders Are Watching
Some technical analysts have noted support around ₹120–₹123 with stop-loss/entry zones for short-term trades (e.g., stop-loss near ₹114–₹115).

⚠️ Risk Notes

Short-term technical signals (like moving averages) currently show weak to selling bias on intraday/daily charts.

Broader market conditions and sector movement can heavily influence price direction.