Potential Cup with handle pattern in Globus Spirits Ltd
A potential cup with handle pattern is forming which can lead to a technical target of 1925.
RSI showing strong bullish divergence on daily TF.
Good to accumulate around 850-900 levels for the following targets:
Short term swing target of 1400 (55% ROI with 3.33 R:R)
Medium term swing target of 1925 (114% ROI with 6.83 R:R)
Long term positional target of 2800 (211% ROI with 12.67 R:R)
Optional stop loss @ 750
It should not take more than 2 years to achieve it's final target.
Fundamentally undervalued with highest ever net profit.
Organically expanding with more expansion plans until FY2024 and new product are ready for launch on Q2FY24.
As always, do your own due diligence before taking any action.
Peace!!
RSI showing strong bullish divergence on daily TF.
Good to accumulate around 850-900 levels for the following targets:
Short term swing target of 1400 (55% ROI with 3.33 R:R)
Medium term swing target of 1925 (114% ROI with 6.83 R:R)
Long term positional target of 2800 (211% ROI with 12.67 R:R)
Optional stop loss @ 750
It should not take more than 2 years to achieve it's final target.
Fundamentally undervalued with highest ever net profit.
Organically expanding with more expansion plans until FY2024 and new product are ready for launch on Q2FY24.
As always, do your own due diligence before taking any action.
Peace!!