a good buy for 2025big orders and customers,, a good consolidation and buy at levels.. a break out and 2x stock
GLOBE trade ideas
$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
GLOBE LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (i),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time.
It is anticipated that wave (v) will have about five subdivisions shown in red colour.
Wave levels shown on chart.
Level of Invalidation
The Wave (i) has been identified as the invalidation level at 2.95. Because As per wave rules Wave (iv) cannot enter into the price territory of Wave (i). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
Globe Textiles - Risky bet- Buy above 5.17, SL -4.40Globe Textiles is seeking attention of investors with price and vol. which is increasing for last 4 weeks.
The stock gave a breakout, however please treat this as Penny stock
and don't invest more than 1% of your capital
Best to add above 5.17 and gradually increase as it moves up.
Strict Stop loss of 4.40
Disclaimer : Its a risky stock. Please treat this as Educational content and not a recommendation.
Swing trade for short term trade. If you look the chart its showing bullish signal to buy now. After long time ago its shown the big move so take trade on your ROI.
Globe- Hourly Just above 300 ema apna, testing- Balaji (SUPER NoHourly Just above 300 ema apna, testing- Balaji (SUPER No Change Required + EMA )
1) Trendline Ready to Break
2) Cup and handle slanting pattern
3) Target 66%
globe textilesglobe textile
on monthly tf it has given a breakout so let see at the end of this month id it sustain then it confirm it is breakout then we can go for long
Globe textile to reach next resistance level @ 48.95Globe textile has fallen 1300% by july’21. It is levelling up to reach the next resistance level @ 48.95.
