Quasim

High probability medium term trade in Goodricke- upside of 258%

Long
BSE:GOODRICKE   GOODRICKE GROUP LTD
This is a medium-term high probability trade with an upside potential of up to 258%.
Duration- 8 to 10 months.

Multiple signs make this a high probable trade-
1) Bullish divergence in MOM indicator
2) Elliot wave (3) starting.
3) FLAG break breakout. Height of the pole is 258% hence the optimum target

There is a GAP just above the break-out zone, wait for a close above 258-259 and then go long.
Stop loss- 198, trail the stop loss as the trend develops.

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Comment: Break out confirmed today.

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