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Globus Spirits_rangebound stock_opportunity for swing trading

Discussion in 'Introductions' started by sampraas, Nov 1, 2016.

  1. sampraas

    sampraas New Member

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    Hi Shabbir,

    I have been observing the stock of Globus Spirits for the past 1-2 weeks now & am able to see that the stock has been ranging between 107 to 111 levels, I request you to please take a look at the chart of the same & give your inputs ad]s to whether it looks to be a good swing trade opportunity for a good 3-4 % profit in ultra short term, also suggest a good stop loss level & what exact/approx price would be a good entry & exit level & whether it has a potential for a better upside with the same stop loss?......thanks in advance.
     
    sampraas, Nov 1, 2016
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  2. shabbir

    shabbir Administrator Staff Member

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    I am not a swing trader but more of a price action and pattern trader. With a stop loss of 100 or 98 you can go long in this for a target of 111, 113, 115 and also stock is in uptrend and so can give a breakout as well.
     
    shabbir, Nov 2, 2016
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