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 …
#GLOBUSSPR undervalued stock with big upside potential.
Pramod Amthe has a reduce on InterGlobe Aviation. Here’s why
"In financials, from top down, we are positive on NBFCs and also on the MFIs, in which space we like both the Home First Finance and the Spandana Sphoorty. We broadly feel that the NIM expansion trend is possible in this segment, coupled with the strong growth in the lending book. That is the broader macro which we are trying to play through these two names."