SUBEXLTDthis 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.
SUBEXLTD trade ideas
SUBEX LTD for next week, rise or fall?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 : Inverse head and shoulder pattern on daily chart 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
SubexChart looks good. Trading above 10 year highs.
Study purpose. Not a buy or sell recommendation.
#SUBEX - Go Long above 59 . SL 51/50 Targets: 68/74/100#SUBEX; Go Long above 59 . SL 51/50
Targets: 68/74/100
SUBEX ltd one may observe upmove above resistance line pattern resitance line break may give upmove as per levels,
as all indicators too positive currentaly.
but it move a lot from bottom so little risky too.
market always risky.
confirm ur end its fundamental technical before action.
posted as to learn market price movemnet technical data analysis only.
i am not expert.
risk is ur .decission is ur.
SUBEX.LTD NSE:SUBEXLTD
*Not a financial advise just a prediction not responsible for loss.
SUBEX.Ltd giving a triangle breakout followed by a sideways channel soon to give a breakout.
Subex (Daily) - Inverted Head & Shoulder Chart PatternSubex (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 to be forming cup and handle chart pattern on the monthly time frame
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 7-12-2021
LEVELS 29-11-2021 NIFTY
RES- 1. 36000 16960
2.36200 17090
SUP-1.35700 16785
2.35400 16700
3.35180
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TRADE IN SUBEX / monthly Market Cap
₹ 3,066 Cr.
Current Price
₹ 54.4
High / Low
₹ 74.4 / 17.8
Stock P/E
72.0
Book Value
₹ 9.88
Dividend Yield
1.38 %
ROCE
15.5 %
ROE
9.18 %
Face Value
₹ 5.00
SUBEXLTD IN DAILY CHART SHOWS BULLISH CHART PATTERNMorning 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 star pattern must be a dark candlestick with a relatively large real body. The second candlestick is the star, which has a short real body that is separated from the real body of the first candlestick. The gap between the real bodies of the two candlesticks
SubexDisclaimer: 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.
SUBEX is looking attractive in short term and medium term too.. 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.
Subex Cmp 55.75 dated 5.10.2021Subex Cmp 55.75 dated 5.10.2021
1. Triangle BO @ 54.75
2. Rectangle BO above 57
Buy for a tgt of 58-62-66-68-72 SL 50
It is just a view, pls trade at your own risk.
Expecting breakout and low risk set up ✌✌This scrip is expected to give breakout and having good risk reward ratio. So traders keep on your radar to catch the momentum.
subex target 83 - 105strong 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.
