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
I have reason to believe that the stock completed the ABC correction at 78.6% retracement and 127.2% fib.extension...........bullish pinbar candle confirms buying interest
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....
Subex (Daily) - Inverted Head & Shoulders Chart Pattern Formation
Target - Generally you can take the depth of the head
But the first conservative target would be 70.2
Seems to be in 3rd wave on the daily timeframe
RSI is above 60
Stochastic 14,3,3 is in positive crossover
+DI is above -DI and ADX is above 15 in the Directional Movement Index (DMI)
Seems...
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Keep a watch on SUBEX as is it ready to break from the resistance of the falling trend line .. 62 can be possible in short term and if it stays above levels of 90 in a few months are also possible.
You may chose to study and take a call accordingly and decide on ur stop loss as well basis ur appetite.
#Medium to Long Term view
Keep an eye on SUBEX above 55 daily closing
SL can be 49 daily closing basis
Targets are marked as fib extensions
Disclaimer: Educational view
SUBEX - Long
Target: ₹ 61.7
Resistance- Break out line : ₹ 53.55
Support: ₹ 49
Trade and Invest Wisely with your own knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor....
SUBEX LTD,WEEKLY LINE CHART
STUDY AND INVEST CHART LOOKS GOOD,
CURRENTLY STOCK PRICE respecting the TRENDLINE After a breakout from multiyear consolidation, .STUDY THE FUNDAMENTALS ,Watch concalls and investor presentation for more idea about future plans of the company,
Subex Ltd. engages in providing business support systems to communications service providers worldwide. Its products & services include HyperSense, Business Assurance, Fraud Management, Network Asset Management, Capacity Management, Partner Ecosystem Management, Analytics Center of Trust, Anomaly Detection, Subex Secure, and IDcentral. The company was founded by Subash Menon and Alex J. Puthenchira in 1992 and is headquartered in Bangalore, India.
BSE
