$NSE:GLOBE: Still NOT TOO late to BUYSummary:
NSE:GLOBE Globe Textiles exhibits strong fundamentals with a high Piotroski score of 8 and is trading at a reasonable PE ratio of 15. The stock has shown a strong technical breakout with significant volume, indicating potential for further upside.
Fundamentals:
Very strong fundamentals
High Piotroski score of 8
Currently trading at a PE ratio of 15
High-performing player in the textiles industry
Technical:
Strong volume peak after consolidation, indicating potential institutional buying
Strong breakout, still not too late to buy
Good liquidity
Trade Setup:
Entry: Current Market Price
Stop Loss: Conservative stop loss level based on recent support (4.50)
Potential Upside: 8.50 NSE:GLOBE
