Potential Cup with handle pattern in Globus Spirits Ltd for NSE:GLOBUSSPR by Swastik24
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 (211% ROI with 12.67 R:R)
Optional stop loss @ 750
It should not take more than 2 years to achieve it's final …
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#GLOBUSSPR undervalued stock with big upside potential.
