RICO AUTO - 19 years BO | Multibagger pick | Huge Potential!
Price Analysis & Overview:
1. Exceptional volume support.
2. Rejection candle from 50ema
3. 19 years ATH level BO & retest.
4. Earnings are weak.
5. RRR is fine (not very good).
Monthly TF view:
- W formation
Trade Plan:
1. ENTRY = CMP (133)
2. SL = 10% (120)
3. TP = 1:2,1:3,1:4,1:5
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Exceptional volume support.
2. Rejection candle from 50ema
3. 19 years ATH level BO & retest.
4. Earnings are weak.
5. RRR is fine (not very good).
Monthly TF view:
- W formation
Trade Plan:
1. ENTRY = CMP (133)
2. SL = 10% (120)
3. TP = 1:2,1:3,1:4,1:5
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
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