GLOBUSSPR today gains on the drop in rice price for ethanol distilleries with MACD turning Positive and RSI showing Strength, it was from a good base if the given resistance is broken it can provide a good swing.
Trade Setup: It can be a Good 1:1 RISK-REWARD Trade, with the recent base being crucial levels on downside.
Target(Take Profit): 1115.80 Levels for Positional Trader.
Stop-Loss: Around 795.85 For Swing Trade and Recent BO Base for Positional Trader.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.