Globus Spiritis - Momentum charts & reason for entryIn this video we will be looking at the Momentum charts of GLOBUSSPR. And also look at the 3 main reasons for entry.
Globusspirits
Globus Spirits moving up to touch the resistanceGlobus spirits has been in some down trend after it broke the support last September.
It is back at those levels and expecting it to touch the Green resistance line which earlier was the support for the chart.
Expecting levels of that resistance at 992 where it might resist and if it crosses the Blue line resistance and moves Up then the Green line Resistance will be faced at around 1088. Trend will change only after the green line resistance is crossed with huge volumes and decisively.
No recommendation, just my view based on chart pattern.
Globus Spirits Wave Counting and Next Targets 1700 and 2350!Here is why we are super bullish on Globus Spirits:
1. This stock has corrected deeply from the top (61.8% Fib).
2. Falling wedge pattern (proper buying angle).
3. Hidden bullish divergence.
4. Wave analysis: The stock has completed Waves A and B, and is now ready for Wave C.
5. Ichimoku turning positive.
We see great risk-to-reward in this stock. It has the potential to hit our targets and could rally even further.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Globus Spirits nearing supportGlobus Spirits has been in down trend for quite sometime, now it is nearing a multi point support around range from 650-660.
Personally, I feel it should show some positive move in the price up to the levels of 706-750-812
with base level of 652 and strong base at 553. Can move more of Volume is supported since its near long term support.
Need to also watch if it doesn't break that support to move further.
No recommendation, just my view based on chart pattern.
Globus Spirits continues to RallyGlobus Spirits looks strong and continues to rally after the initial triangle formation breakout and re-testing. I remain bullish on this stock and my revised stop loss for this share is 940. Go long and keep on trailing. I believe if the momentum supports, it will touch the old all time high.
