Corrected from 74 to below 19.
Is there a case for investment...
Trendline drawn is very crucial..
like to get at lower levels marked....
Don't expect any rally.
Trade the levels...
Churn your money....
it need to break out above the channel for a furious upmove towards 95-110 level. invalid below 35. though it is also linked to its revenue generation capacity.
this was overbought in until Jul 2021
and since then it has been cooling down itself. Don't rush to buy. let it settle down and spend some time in oversold zone.
NSE:SUBEXLTD
SUBEX LTD again testing the support level. so week we can expect a breakout in this lelel. It may go up to the target of 56 to 60 in 3 to 5 weeks.
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
Morning star candlestick pattern
The morning star is a bullish, bottom reversal pattern that is the opposite of the evening star. It warns of weakness in a downtrend that could potentially lead to a trend reversal. Like the evening star, the morning star consists of three candlesticks with the middle candlestick forming a star. The first candlestick in the morning...
strong support at 50.
above 55 it shall touch 62 in next 4-5 weeks. above 63 targets 83 by november & 105 by december.
till now lower support line is maintained.
SUBEX - Long
Target: ₹ 61.7
Resistance- Break out line : ₹ 53.55
Support: ₹ 49
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor....
