hello guys!
subex has started a fresh move after a consolidation. so, my strategy is to enter here for first target of 42 then 48 rs which is a recent high.
sl will be 32 rs
my qty will be 1250 or 40k investment.
hope you enjoy my analysis.
i will post video also in short while.
NSE:SUBEXLTD
As we all seeing good up move in AUTO sector Maruti, TVS, M&M already performing good. But Bullet king yet to perform
I think breakout above this trendline can give good upmove till 3044 to 3220 with stoploss of 2735 closing basis
This stock is in the range for last 10months and recently it has given trendline breakout with good volumes,
Can be played for upside move for the target of 133/145 with small stop-loss of 100...
R:R is 1:2
Trade on your risk...
Only for educational purpose....
Happy Trading....
I opined to be extended wave 3 and price retraces 38.2% from topping out wave 3. if it wouldn't be matter if price turn out upto 8.10 at 50% because, intention to long for wa ve 5th at 13.95.
Banknifty may fall
But it can also give an upper breakout
Reason is news
If relief package is announced for small businesses, then market may open in green
Trade cautiously
If you have any doubt, comment below.
Since the rise from 9455 to 10137 levels Fibonacci levels have played a vital role is identifying key support & resistance levels...
Levels------------------------------------ Fib retracement-------------------------- Fib Level
- closing low at 9710----------------- 61.8% of 9448-10137 -----------------------9711
- high of 9947...
