Greaves Cottan wave count

Greaves cottan has been in an up trend since November 2020 there by making higher and higher low's.In the process we can see it is following elliot wave counts as shown.So far it seems like we are coming out of Primary wave 2 correction and going ahead we can acceleration in the trend as wave 3 in primary degree can take prices to 320 odd levels,which roughly double from current market prices.In case this move turns out to be wave C of zigzag we can still expect prices to travel in the range of 208-252 which is also about 30% move from current market price,hence longs can be entered at current market price as we are seeing 0-B trendline breach along with prices breaking out of wave B peak area suggesting end of Primary wave 2.We can also see stock is following 36 trading days cycle and recent cycle low coincided with primary wave 2 low's.

As far as stop-loss is concerned we can keep 120 as our initial stop-loss as it is where wave 2 has ended.Once prices advances one should trail stop-loss as per there risk apetite.

Disclaimer:This are just my views on this stock,no position should be build or exited on its basis,i am posting this for my future reference.
Comment: Minimum target for zigzag is achieved,trail stop-loss to cost

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