Chikou in free area
tenkon above kijun
last close above 9 day Moving average
stock still above 200MA
stock Above cloud
Buy above 188
target 195 (monthly high)
Stop loss 183
Sell below 160
target 152
Small resistance is at 112, if stock crosses it successfully then we feel stock can see @ 150 levels in medium term. So Stock can be buy at CMP and follow the way
GLOBUS SPIRITS LTD GLOBUSSPR - Charts are looking very good with limited downside risks and potentially 100% + returns in 12-18 Months
Sl can be applied as per your risk apetite
The price have reached a point as lowest compared to historical price
I'm will be keeping watch on this stock as to look for reversal sign , once the Major investor starts investing I will look to joint and hold for Long term
My Projections are I'm looking to enter once the price Mark up to 68 with stop 60 for Target of 100 in 3 Months to 5 Months
Good day
Globus Spirits Limited is an India-based alcoholic beverages company. The Company is engaged in manufacturing, marketing and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol and contract bottling for established IMFL brands. The Company operates through the Industrial and Potable Alcohol business segment. The Company's IMIL brands include Nimboo, Ghoomar, Heer Ranjha and Narangi. Its IMFL brands include Country Club, French Castle, Hannibal Legendary and White Lace. The Company offers IMFL bottling services to various brands, including Bagpiper Whisky, Moghul Monarch, Derby Special and Officer's Choice Whisky. The Company operates approximately three distilleries at Behror, Rajasthan, and Samalkha and Hisar, Haryana. The Company has over 90 million bulk liters of grain-based distillery capacity. The Company exports its products to Europe, Africa, the Middle-East Asia and Far-East.
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GLOBUSSPR
