Margin affected recently and Stock is in down trending channel- Fundamentally strong company
- Profit margin has recently been affected by the raw material process.
- Stock chart is in a clear downtrend channel.
GLOBUSSPR trade ideas
GLOBUS SPIRITS CANFALL TO 451 LEVELS!Stock is in the 4th wave correction of higher cycle..
correction is extended flat type.
right now in the 5th wave of the C leg of correction.
could go down till 451 level..
wave 4 correction is steep both on price as well as time because the 2nd wave declIne was very shallow and very quick......Alternation principle
GLOBUSSPR NSE BULLISHVIEW ABOVE 1450GLOBUSSPR NSE is bullish if 1450 holds. Near Lifetime high. Fresh Breakout. Positive Trend.
***** Educational purpose only. Not Buy/Sell recommendation.
NSE:GLOBUSSPR
Target 73%, R/R 3.8- Continuation of uptrend possible.
- Starting with small investment. Will compound investment if there are future dips.
- Deep SL: 19.3%
Stock analysis Globus for the weekGood evening friends stock level above 1290 if sustainable above this than will see 1400 in a week.
Globusspirits is going to give a good upmove from hereGlobusspirits ìs blasting, anď the operators are taking the prices higher.
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Relative strength only indicator which helps in selecting stockBreak out. Weekly and daily chart strong
