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Price and trend forecast of GLOBUSSPR for Tomorrow, Weekly, Monthly

Globus Spirits Limited

Symbol: NSE:GLOBUSSPR

ISIN: INE615I01010

766.95

As on 2024-04-16

661.30 (52W Low) 1,327.70 (52W High)

GLOBUSSPR's Today's Performance

Globus Spirits Limited started the day by opening at 762.25 today 2024-04-16. Its shares reached a high of 778.75 and dipped to a low of 762.25 in intraday. When the markets closed, GLOBUSSPR’s stock price settled at ₹766.95 per share. Also check out its key support and resistance levels.

GLOBUSSPR Buy/Sell Targets

Tomorrow, sell GLOBUSSPR when its price reaches ₹ 766.95 with a stop-loss order at ₹ 776.80. You can set the target price as ₹ 757.10 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of GLOBUSSPR for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GLOBUSSPR

Resistance Levels Value in ₹
Tomorrow Resistance 1 776
Tomorrow Resistance 2 786
Tomorrow Resistance 3 793

Important Supports for GLOBUSSPR

Support Levels Value in ₹
Tomorrow Support 1 760
Tomorrow Support 2 753
Tomorrow Support 3 743
Based on where the stock opens tomorrow, if GLOBUSSPR opens on a positive note, our first target will be ₹776. If Target 1 is achieved, we will aim for Target 2 which is ₹786.

But if GLOBUSSPR falls below the average value of ₹769.32, you can enter a sell side position with target number 1 - ₹760 and second target - ₹753 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of GLOBUSSPR

Looking at GLOBUSSPR, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, GLOBUSSPR has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GLOBUSSPR is moderate bearish.

Tomorrow's Volume based share price Forecast for GLOBUSSPR

GLOBUSSPR's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -30%.

Reversal detection for GLOBUSSPR

Predicted trend chart of GLOBUSSPR tomorrow for price forecast
GLOBUSSPR may trend may continue to be bearish since stock is making lower low and we can get target of ₹768 in morning tomorrow
Target 1 tomorrow776
Target 2 tomorrow780
Target 3 tomorrow786
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with GLOBUSSPR's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if GLOBUSSPR opens on a positive note, our first target will be ₹776.38. If Target 1 is achieved, we will aim for Target 2 which is ₹785.82.

But if GLOBUSSPR falls below the average value of ₹769.32, you can enter a sell side position with target number 1 - ₹759.88 and second target - ₹752.82

GLOBUSSPR's Weekly Targets
1st Up Target 781.25
2nd Up Target 795.55
1st Down Target 751.85
2nd Down Target 736.75

As the week for GLOBUSSPR ended on bearish sentiments, we can expect further continuation of this sentiment. GLOBUSSPR's initial target will be 781.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 751.85 in the upcoming week.

Weekly OHLC Values
Open 770.00
High 780.45
Low 751.05
Close 766.95

Week for GLOBUSSPR started with an open price of 770.00, and the close was at 766.95. GLOBUSSPR reached the highest of 780.45 and dipped lowest up to 751.05 last week. This indicates a bearish sentiment for the week.

GLOBUSSPR full month swing targets
Monthly Up Target 1 810.65
Monthly Up Target 2 824.95
Monthly Down Target 1 722.45
Monthly Down Target 2 677.95

Targets of ₹810.65 can be expected to be reached in the coming month. Once GLOBUSSPR achieved this target, we can aim for the next upside target of ₹824.95.

GLOBUSSPR if fails to hold upside, down targets of ₹722.45 and ₹677.95 can be achieved by end of this month.

For complete three weeks if GLOBUSSPR is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as GLOBUSSPR

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

GLOBUSSPR is expected to reach the target of 776.38 in tomorrow's trading session.

After achieving the initial target in GLOBUSSPR, we will aim for higher targets of 785.82 tomorrow.

However, if GLOBUSSPR starts to trade below ₹769.32, then we will shift our focus to the sell side and aim for down targets of 759.88 and 752.82.