Stock analysis Globe Civil Projects Ltd GLOBECIVIL
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Technical analysis forecast for Globe Civil Projects Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Globe Civil Projects Ltd GLOBECIVIL at this time. Stock is falling and might fall more.
It appears as if Globe Civil Projects Ltd GLOBECIVIL gave a large move recently.
Stock of Globe Civil Projects Ltd (GLOBECIVIL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Globe Civil Projects Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Globe Civil Projects Ltd stays below 78.5, but if it comes above 78.5, then a intra day buy could be more profitable.
If you take a sell trade below 78.5, then use 78.5 as stoploss and 73.3 as target. However if you take a buy trade in Globe Civil Projects Ltd, then use 78.5 as stoploss and 82.8 as target.
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