Breakout in Globus Spirits

9月1日

NSE: Globus Spirits Ltd. - The stock has been consolidating for more than 2.6 years, but yesterday, it broke out with strong volumes. It is now trending above the 50 EMA with a rising RSI. The entire alcohol sector performed well in Friday's session. The stock should now sustain above 1080 (key resistance) for potential targets of 1300-1500+, with Friday's low as the stop loss.