Gadoon Textile Mills Limited
做多

GADT Long

313
Not only GADT broke its all-time high but also gave a channel breakout in July 25'. However, that breakout couldn't last long and turned into fake-out.
Multiple reasons included a parabolic move, taking price action away from SMA-10, not so good result of Q4 and no dividend payout.

Now the price has re-tested its all-time high breakout level, SMA-10 is now very near and all-time high volumes in July signal entry of some player.

The next target will be channel top of 410, then recent high of 569, followed by all-time high breakout target of 600 and then ABCD pattern target of 750.

This is my own opinion and not a buy / sell call.

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