Subex has broken out of channel on weekly post deal with Jio. Next target is 69. Good volumes even on weekly. The multi year Cup and Handle seems to have completed its formation. If 74 level is broken and it sustains, then stock may skyrocket to 690 levels in coming months
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....
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
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.
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.
