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...
Very 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....
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...
Stock breakout with huge volume
Nice Chart set-up ready for upmove
20&50 DEMA Break
Buy above 897
Go for long position
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
A 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...
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...
Stock formations show downtrend.
Price level take support
Price below the Moving averages show weekness
Stock Breakdown 200Dema is major dynamic support.
Macd signal bearish
Rsi bearish
Disclaimer this is my personal view for education purpose only.
Globus 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
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
