SWING IDEA - GLOBUSSPRNSE:GLOBUSSPR has found its Swing Low levels at 710, which has also formed as a good Support as of now.
MACD levels are also moving upward steadily since the last few years indicating a good move upward.
If the market condition is stable for the next few weeks, we can see this stock moving up too.
Do not expect the stock to suddenly rally up as there is not much news about the stock in the recent months, so the Price movement could be pretty slow yet steady too.
Take this trade only based on your Risk Appetite and Risk Management.
GLOBUSSPR trade ideas
Globus spirits ltd. SwingSwing trade , yesterday bulkdeal happened.
Also break on chart previous buyer trap area.
Max loss 5/6%
Target 12/13%
Target based on next previous trap buyer zone area .
Exit when 1056 below 15min candle closed sl trigger,
Or price consolidation start at previous trap area mark zone , cut position here
Globus: High on spirits?The counter stayed behind the entire bull run, the chart says that it wants to make up for it now. Falling trendline BO, also CnH BO done on charts too. The RO needs to close green and above 1110 to give us greener flag. Targets 1250, 1500 and 1700. Last target may take a little time.
2 year old trendlineGood volume build up in daily as well as in weekly timeframe.
Price is above 200 ema.
Breakout of 2 year old trendline with good volume.
Price is now in overbought zone, wait for pullback, for breakout conformation.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
Globus SpiritsGlobal Spirit can double from here with in few years. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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Globus Sprits in high sprits. Globus Spirits Ltd. operates as a holding company, which engages in the manufacture and sale of Indian made Indian liquor, bulk alcohol and franchise bottling.
Globus Spirits Ltd CMP is 847.45. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=45), Declining Net Cash Flow : Companies not able to generate net cash and Annual net profit declining for last 2 years.
Entry can be taken after closing above 876. Targets in the stock will be 936 and 991. The long-term target in the stock will be 1093 and 1196. Stop loss in the stock should be maintained at Closing below 777.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
UPTO 300% ROI in Globus Spirits LTD (Multibagger Potential)The only undervalued breweries company in India with strong sales growth and big capex for further expansion, Net Profit got affected only due to margin pressure.
Good to accumulate around 650-700 levels for the following targets.
Medium Term Target @ 1290 (90% ROI)
Long Term Target @ 1710 (150% ROI)
Long Term Positional Target @ 2800 (300% ROI in 3-4 years max)
There is a sharp decline in DII's shareholding pattern since SEP 2023.
Do your own due diligence before taking any action.
Peace!!
GLOBUSSPR nice price contractionVery nice price contraction and then an impulsive volume jump. The alcohol industry is showing strength, and Nifty is making new highs. Fundamentals are not that supportive, so there will be less support from fundamental investors. This is a technical trade with a tight stop loss, giving an excellent risk-to-reward ratio. Be cautious about the rising vix. Cheers. Diamond hands, HODL..
Globus Spirits can lift your spirits.Globus Spirits Ltd. CMP – 887.95
Market Capitalization Rs 2,557.5Cr
Red Flags:🟥
Declining annual net profit
Declining cash from operations annual
MFs are decreasing stake
Green Flags:🟩
No debt
Low debt
Zero promoter pledge
FIIs are increasing stake
Promoter holding increasing
Previous Happy Candles Number – 50/100
New Happy Candles Number – 66/100
X/2 Fresh Entry/ averaging / compounding after closing above 925
Final Entry 972
Targets: 1024, 1087 and 1145
Long term target: 1219, 1282 and 1326
Stop loss: Closing below 856
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Potential Cup with handle pattern in Globus Spirits LtdA potential cup with handle pattern is forming which can lead to a technical target of 1925.
RSI showing strong bullish divergence on daily TF.
Good to accumulate around 850-900 levels for the following targets:
Short term swing target of 1400 (55% ROI with 3.33 R:R)
Medium term swing target of 1925 (114% ROI with 6.83 R:R)
Long term positional target of 2800 (211% ROI with 12.67 R:R)
Optional stop loss @ 750
It should not take more than 2 years to achieve it's final target.
Fundamentally undervalued with highest ever net profit.
Organically expanding with more expansion plans until FY2024 and new product are ready for launch on Q2FY24.
As always, do your own due diligence before taking any action.
Peace!!
Globus Spirits Ltd.Globus Spirits Ltd. is a market leader in India when it comes to the production and distribution of bulk alcohol and franchise-bottled alcoholic beverages.
from it has almost 30% corrected from its most recent high, I have seen that it is currently attempting to take a positive retracement. I believe that if it crosses the 640–650 area, it has the ability to offer a good payoff and will reach the 1000–1100–1200 rs. level.
This is solely being done for educational purposes.
Take nothing personally.
Please talk to your advisor before making any investments.
I am not a financial advisor.
Globus Spirit Big Bull candle with volumeGlobus Spirits had been holding 720-750 levels, since November 2022.
It created a good support area, around these levels.
Recently we have seen a huge move in the stock with very good volume, indicating buyers are going aggressive in the stock.
Any Dip in the stock can be a good positional buy.
Immediate support @ 850