GLOBUSSPR trade ideas
Flag pattern breakout Stock is following a trend of flag pattern breakout and rallying afterwards. Expecting it to continue the same again. Can be bought now for a target of 740 and if someone can keep it for a bit long, it can come to 800 as well. SL will be 635 on a closing basis. CMP-705
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Potential Pullback Opportunity - Globus Spirits 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".
Globus Spirit Cmp 405 dated 14.6.2021Globus Spirit Cmp 405 dated 14.6.2021
1. Rounding Pattern breakout @ 413.
2. High Volume on chart.
Buy for a tgt of 520 SL 390
It is just a view, pls trade at your own risk.
GLOBUS Spirits trading really BullishNSE:GLOBUSSPR
Stock jumps 40% in last 2-3 sessions with very good volume and trading ATH.
Gap up possibility is very high, trade only if the price sustains above on entry level.
GLOBUS SPIRITS RETURNS!!!!!Suggested entry for globus spirits at 385.
UC HIT TODAY!!!
40% RETURNS IN A WEEK!!!
FOLLOW FOR MORE SUCH IDEAS!!!
GLOBUS SPIRITS TARGET ACHIEVED!SUGGESTED A LONG TRADE ON GLOBUS SPIRITS ON JUN 8 WITH ENTRY AT 385
IT TOUCHED 460 TODAY!!!!!
20% RETURNS IN JUST 6 DAYS!!!
TARGET ACHIEVED IN LESS THAN A WEEK!!!
IN MY OPINION, WE CAN SEE MORE UPSIDE HERE. BOOK HALF QUANTITY
FOLLOW FOR MORE REGULAR IDEAS!!
[SHORT TERM] GLOBUS SPIRITSThe stock looks good to buy for a quick 10-20% profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
EVERY QUARTER SMART MONEY GETS INTERESTED.CHART IS SELF EXPLANATORY.
SHOWS CLEARLY WHY SEEING VOLUMES SHOWS MANY THINGS BEFORE ANY INDICATOR DOES.
GLOBUS SPIRITS LTDGLOBUS SPIRITS LTD
Breaking Out with support of Good Volumes
Can add in Dips Upto 422 Good for long term
Globus Spirits Reversing at SupportGlobus Spirits (GLOBUSSPR) has taken support at the 200DMA which is also a price support. The stock seems to be reversing at this zone. Low risk longs can be initiated for Fibonacci targets of 343/373/425.
Globus Sprits - On the verge of breakoutGlobus Spirits is appearing to be on the verge of a breakout after forming a nice base over the last several days/weeks. The recent spike in volume on the Green days and the price action forming HH/HL is adding credence to the possibility of a breakout on the upper side. The company is expected to announce their quarter results later today..
Conservative traders might wait for the results and then can take an appropriate action, strictly following their Risk Management processes.
Globus Looking for another BOFinancial reports for year 20/21 is excellent.
revenue growing @ 15% per year for last 5 years.
Should do good from Here.
GLOBUS SPIRITS ON THE VERGE OF BREAKOUT (SEE DESCRIPTION)Globus Spirits' charts says a lot these days!! Lets us analyze step by step! This analysis will be purely based on Price Action...
"WEEKLY CHART"
Firstly, look at the weekly chart above. There is a clear 5 year old trend line, and current price is on the verge of giving a breakout from this multi-year resistance line. The volumes here too are favorable. RSI too shows momentum!!
Now, since this is on the VERGE of breakout it is important that we see other timeframes charts too. Let us see what they have to say.
"DAILY CHARTS" (Wasn't able to upload the daily charts because of TradingView feature. You should open daily chart of Globus Spirits on the side for better understanding)
If you watch closely to the daily charts of Globus Spirits, it is visible that the stock is trading continuously between the range of 300-350 from last October. It came above this range but wasn't able to sustain for a long time. Now look at the last candle (4 June, 2021). Firstly the volumes are brilliant! Secondly, the price went up the trading range of 300-350 but wasn't able to sustain above that point! But does this mean that we should avoid this stock?
"MINUTES' CHART" (Please open 5 min and 1 minute chart aside for better understanding)
Looking at the minutes' chart, if you look at the candles which are towards the day end; the volumes of these candles are significantly high compared to the rest of the day. This shows interest of investors in this stock. Hence, it can be predicted that the price of Globus Spirits may go up on Monday (7 June, 2021) and hence giving us a breakout in both weekly and daily charts (given that volumes are high on Monday)!!!
"CONCLUSION"
I would recommend going long on Globus Spirits IF it gives a breakout on Monday with good volumes!!
FOLLOW IF YOU LIKE THE ANALYSIS
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THANKS
Globus SpiritsThe volume prints are evident in this counter on the up days. It has Institution accumulation written all over it, just a matter of time before it pushes off from this range and starts having a crack towards new ATH.
