Globus Spirits is currently in an downward trend, but this stock has the potential to rebound fast.
This stock should be bought @750 as it shows an level for support.
If it still falls then stock should be AVG @660 as there is an strong support for the stock.
TARGET 1: 850
TARGET 2: 895
TRAGET 3: 960
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please comment your views
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NOTE: ELECTION PERIOD MATTERS!!!
Stock has been waiting for reversals at strong supply zone 765. Previously it rallied from the same levels, Now it would be another opportunity for long term. For swing, can expect the target of @1070,
Stop loss would be below the support zone @760
disclaimer: Not a trading call.
Based on Elliott Wave analysis, it is possible to identify a potential wave count on the daily time frame.
The first and second waves have been successfully finished. Wave 3 is on the verge of commencing.
The level of invalidation is displayed.
Regarding the fundamentals of the stock:
ROCE: 18.5%
ROE: 14.7%
Promoter holding: 51.0 %
PEG Ratio: 0.27
I am not a...
Globus Spirits has been in down trend for quite sometime, now it is nearing a multi point support around range from 650-660.
Personally, I feel it should show some positive move in the price up to the levels of 706-750-812
with base level of 652 and strong base at 553. Can move more of Volume is supported since its near long term support.
Need to also watch if it...
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...
Globus Spirits a Good Buy
ROCE:- 18.5
ROCE 3 yr :- 27.8 (Highest in Industry)
ROCE 5 yr :- 21.8 (Highest in Industry)
Fixed Assests :- Increase of 19% after cwip completion
in q4f24 thus will lead to more sales
reason for fall :- contraction in OPM because of inflation input products
Targets :- 40% and 80% in one year
NSE:GLOBUSSPR - Breaking out again near support Zone
✅ Gave a breakout at 973.50 as per pattern shown in chart
✅ Moved to 1300 levels
✅ Reversed midway much before Resistance 2
✅ Now again breaking out at 918.60
Chart is self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be...
ROUND 2
* Winter sales are coming soon expecting good numbers next quarter.
* will accumulate more near 52 week low of 720 zone
* revenue increasing at a consistent rate
*
simple ORB strategy....i will buy near EOD or trigger price line..after enter i will follow the (SL) and (TARGET)
not a call
its just my view educaltional purpose only
📊 Pattern: Rising Channel
📌 Symbol/Asset: Globus Spirits Ltd
🔍 Description: Potential Multibagger Stock on Strong Support of Channel & Law Of Polarity.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Buy with stop below 4 for target of 1500.
This stock is fundamentally good and has completed correction and recently we are seeing that spirits stocks are pumping so this can be a good doubler.
Also buy kansai nerolac with stop loss below the wick this can give breakout of high of 354, risk reward is good and stock has grabbed liquidity.
The multiple stock analysed on weekly time frame.
1.Globus Spirits Ltd
2.Clean Science & Technology Ltd
3. ITI Ltd
4. Sagar Cements Ltd
5. Honda India Power Products Ltd
6. GMM Pfaudler Ltd
7. Jubilant Pharmova Ltd
8. Varroc Engineering Ltd
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute,...
In this analysis, we will delve into GLOBUSSPR's chart to evaluate its recent breakout of the falling trendline, the subsequent retest, and the potential bounce from the 200-day exponential moving average (EMA). Additionally, we will explore the presence of a 5-O Harmonic Pattern on the chart. Based on the technical analysis, we will provide insights into a...
From past 10 months, the stock was consolidating and range bound between Rs 730 to 900.
Today's price movement broken the resistance with huge volume and positively closed above 200 ema.
Safe entry at Rs 930, Stop Loss below Rs 844, Targets market in chart.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute,...
good rounding bottom happening on daily and weekly charts. Buy above 990 on weekly closing basis for 1300 to 1600 in medium term. After breakout keep stop below 870-880 range on weekly close. Fundamental are good in this small cap spirits and ethanol play
