long term investment/tradejust like traders do analysis on daily weekly time frame for short term,likewise ihave done my analysis on monthly and three month tf for this stock.
firstly, clearing basic analysis of globus is that we can see an nice flag pattern breaking out on a monthly time frame.
secondly,wedge falling can be seen on monthly if you observe closely that too with good volumes bursting in and an support of 21 ema bith on monthly and three month time frame which makes my analysis more strong to belive
if my analysis doesnt go wrong and history repeats itself we can see globus booming till levels of 4000 in upcoming years,since market doesnt follow our emotions we carry an stoploss which in our case is below levels of 860 on monthly close
apart from technicals globus belong to alcohol sector which is evergreen and is going to grow at an decent rate one can easily trust on the above sector for an long term
i will request to all those people who have gone through my analysis,thank you for reading and do like follow me for such content.
THE ABOVE POST IS ONLY FOR EDUCATIONAL PURPOSE AND NOT AN RECOMMEND TO BUY AND SELL,PLEASE CONSULT YOUR FINANCIAL ADVISOR BEACUSE MONEY IS PRECIOUS DONT TAKE TRADES BLINDLY WITH HALF KNOWELDGE.
