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SHRIHARII

RICOAUTO - 19 Years High / Multiyear Breakout

Long
RICO AUTO INDS (NSE:RICOAUTO)  
SHRIHARII Aggiornato   
NSE:RICOAUTO   RICO AUTO INDS
Trend Analysis Chart Patterns Beyond Technical Analysis multiyearbreakout consolidation-breakout alltimehigh weeklybreakout dailybreakout strongclose bullishmomentum multibagger VOLUMEBREAKOUT
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trendanalysis chartpattern beyondta multiyearbreakout consolidation-breakout alltimehigh weeklybreakout dailybreakout strongclose bullishmomentum multibagger volumebreakout
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
Commento:
As mentioned previously, The given target of 150 (15%) from the given price 130.05 is achieved.
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