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TheUnlearningOne
Dec 12, 2021 7:06 AM

Subex : Inverse head and shoulder pattern on daily chart  Long

NSE:SUBEXLTD1D
SUBEX LTDNSE

Description

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Subex looks set for breakout after 18 weeks of consolidation.

Crossing the levels of 57-59 is important.

Can go up to 62, 66 and 74.

Always keep a strict stop loss of 5%-8% depending on one's risk profile if the trade fails

Trade closed manually

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Stop loss hit
Support and ResistanceTrend LinesHead and ShouldersSUBEXSUBEXLTDsubextechnicalanalysissubexanalysissubexpriceactionanalysissubexpriceactionpriceactionanalysis
Comments
federalMagpie90736
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Hi brother... seriously lots of capital is blocked in this stock worried about the hard earned capital. Thank you for the chart. Anyhow for the benefit of all subexians pls post subex chart based on harmonics or elloit wave or any other powerful strategy. Protecting the capital is the prime factor now... Thank you....
TheUnlearningOne
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@federalMagpie90736, Bro... a simple word of advise... always define a strict stop loss... your risk management is how you will be able to save your money. If a trade goes wrong, exit immediately without a second thought. For Subex, it seems 41.55 is a support zone. Hopefully it should bounce back from this level. I don't know what's your buying price, so based on your price make your decision.
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