📊 Globus Spirits – Multi-Year Consolidation within Darvas Box

🔹 Price Action Globus Spirits closed at ₹1,103.10 (-8.42%), currently trading within a long-term Darvas Box structure. For the past few years, the stock has been consolidating between ₹913 (support) and ₹1,318 (resistance), forming a well-defined sideways range. 🔹 Technical View Darvas Box Range: ₹913 – ₹1,318 Support Levels: ₹1,081 → ₹913 Resistance Levels: ₹1,200 → ₹1,318 Indicators: RSI remains stable near 52, holding above its trendline support. The stock is forming higher lows within the box, hinting at accumulation. Price is in multi-year consolidation mode – a breakout above ₹1,318 can trigger a multi-year rally. 🔹 Strength & Weakness ✅ Strong support at ₹913 has held multiple times, confirming demand zone. ✅ RSI shows steady momentum despite price swings. ✅ Long-term consolidation suggests big breakout potential. ⚠️ Multiple rejections near ₹1,318 – needs heavy volumes for breakout. ⚠️ Failure to hold ₹913 could drag price towards ₹800 zone. 🔹 Outlook The stock is in a multi-year consolidation Darvas Box pattern. Breakout above ₹1,318 could open targets of ₹1,600–₹1,800. Until then, it remains a range-bound trade between ₹913 and ₹1,318. Investors should watch for volume expansion near resistance for confirmation. 📢 Disclaimer: This analysis is for educational purposes only, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (Reg. No. INH000020332). 📄 Stock market investments are subject to market risks. Do your own research before investing.