RICOAUTO - 19 Years High / Multiyear Breakout

Rico Auto Industries Ltd

1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (January, 2005). Now It has given a Multiyear (19Y) consolidation breakout & Closed at it's All Time High with strong bullish momentum candle & with Life Time High Volume in Weekly Time Frame.
3) The stock will find it's next resistance around the price (150).
4) Recommendation - Strong Buy

ความคิดเห็น:

As mentioned previously, The given target of 150 (15%) from the given price 130.05 is achieved.