High probability medium term trade in Goodricke- upside of 258%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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Stockmarketindia
RBL: Correction over ?After the five wave rise stock has given a 3waves corrective move in the form of wxy. Considering this correction as a wave 2 completion on larger degree, one should go long on current levels keeping SL of 170 & target for higher in 5 wave impulsive rally. the immediate target should be 220/240
BANK NIFTY, 4H, TIME TO BE CAUTIOUS. Since we are witnessing a breakout and retest pattern on Nifty 50, but we also have to keep this in mind that bank nifty has approached it's resistance which is being respected every single time in past. According to me, a take away gap up opening is able to breach this resistance. I suggest you all to watch the market like a WOLF for couple of days.
Do your own research and analysis before taking any position.
Greetings,
Om Sharma.
DEEPAK NITRITE : Cup & handle After the formation of cup & handle , stock has given breakout & formed a nice support near 1600 level before giving today's big move as a breakout. Keeping SL of 1650 one should buy this stock on current level & add on dips (if any) and look for the measured target area of 1950 zone in coming sessions.