Buy Goodricke between 280-282
Add on Dips till 270
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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...
Keep observing this stock. Potential flag breakout to be watched out for. If weekly close above 320, potential strong upmove expected.
This is just for study purpose, NOT a recommendation to trade/invest.
Goodricke Group Ltd. engages in the cultivation, manufacture, and sale of tea in various forms. The firm's products include bulk teas, instant teas, and branded teas. The company was founded on June 14, 1977 and is headquartered in Kolkata, India.