NSE:GLOBUSSPR Good company and corrected RSi>40 Ma coming in Buy pivot is 764 r1-845 r2-900 s1-709 Target is 1200++ but need to hold tight
Wave three confirmation abv 830 level T1- 1060 T2- 1300 RSI indicating a breakout soon !!!!!!!!!!
The only undervalued breweries company in India with strong sales growth and big capex for further expansion, Net Profit got affected only due to margin pressure. Good to accumulate around 650-700 levels for the following targets. Medium Term Target @ 1290 (90% ROI) Long Term Target @ 1710 (150% ROI) Long Term Positional Target @ 2800 (300% ROI in 3-4 years...
Very nice price contraction and then an impulsive volume jump. The alcohol industry is showing strength, and Nifty is making new highs. Fundamentals are not that supportive, so there will be less support from fundamental investors. This is a technical trade with a tight stop loss, giving an excellent risk-to-reward ratio. Be cautious about the rising vix. Cheers....
Globus Spirits Ltd. CMP – 887.95 Market Capitalization Rs 2,557.5Cr Red Flags:🟥 Declining annual net profit Declining cash from operations annual MFs are decreasing stake Green Flags:🟩 No debt Low debt Zero promoter pledge FIIs are increasing stake Promoter holding increasing Previous Happy Candles Number – 50/100 New Happy Candles Number – 66/100 X/2 Fresh...
Stock breakout with huge volume Nice Chart set-up ready for upmove 20&50 DEMA Break Buy above 897 Go for long position Disclaimer This is my personal view for education purpose only No Buy sell recommendations.
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...
Globus Spirits Ltd. is a market leader in India when it comes to the production and distribution of bulk alcohol and franchise-bottled alcoholic beverages. from it has almost 30% corrected from its most recent high, I have seen that it is currently attempting to take a positive retracement. I believe that if it crosses the 640–650 area, it has the ability to...
Stock formations show downtrend. Price level take support Price below the Moving averages show weekness Stock Breakdown 200Dema is major dynamic support. Macd signal bearish Rsi bearish Disclaimer this is my personal view for education purpose only.
A close above 1325 with good daily volume is a sign that it is going into high spirits, first target will be 1485 and then ATH.
Globus Spirits had been holding 720-750 levels, since November 2022. It created a good support area, around these levels. Recently we have seen a huge move in the stock with very good volume, indicating buyers are going aggressive in the stock. Any Dip in the stock can be a good positional buy. Immediate support @ 850
Stock appears to have taken support at the confluence of white channel, 61.8% fib.level and AVWAP.........an excellent buy
- Fundamentally strong company - Profit margin has recently been affected by the raw material process. - Stock chart is in a clear downtrend channel.
Stock is in the 4th wave correction of higher cycle.. correction is extended flat type. right now in the 5th wave of the C leg of correction. could go down till 451 level.. wave 4 correction is steep both on price as well as time because the 2nd wave declIne was very shallow and very quick......Alternation principle
WOW what a break out from Darvas box. will cruise to its target of 1900.
GLOBUSSPR NSE is bullish if 1450 holds. Near Lifetime high. Fresh Breakout. Positive Trend. ***** Educational purpose only. Not Buy/Sell recommendation. NSE:GLOBUSSPR
- Continuation of uptrend possible. - Starting with small investment. Will compound investment if there are future dips. - Deep SL: 19.3%
Good evening friends stock level above 1290 if sustainable above this than will see 1400 in a week.