just 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...
📈 Stock Name - Globus Spirits Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 950.
🚨Disclaimer: This is not a Buy or Sell...
A good company with sound fundamentals available at good price. It has corrected almost 1000 point from recent high. If rejection faces at higher levels and enters in the range of 780-660, a small accumulation can take place provided by the history.
Can be bought at cmp with targets mentioned in the chart.
Stay invested.
Kindly note that I am not a SEBI...
Global spirit is exhibiting a very known pattern.
All EMI are align.
Taking support from 100 ema at 30 min TF.
Last know resistance will be the target. This is my secret strategy.
GLOBUS SPIRITS LONG
Near the long term supports levels on a weekly basis.
Green linefrom chart is the long term support.
Expecting upmove in near term with near resistance at 951. Can go above if backed by volume.
No recommendation, Just view.
keep this in your watchlist for long term investing value stock and learn what happens with fibbonacci tool its satying abive 200ma
and 50percent perfect retracement in fibb/
in intraday closing any negitive candle before days low we can short for 10 points easily watchout 15m T/F
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
After having made a spectacular rally, Globus Spirits has retraced now upto 50% fib. retracement level. The Price Volume action at this level indicates a high probability for the upmove to resume at this level. SL can be below the 61.8% level while profit target can be initially at 100% and subsequently, beyond that, as it will be in "Blue sky zone".
