Subex-BuyStock has broken the trend line and closed above the 21EMA with a string volume. One can buy with a Tgt 75 and SL 48 on DCB.
SUBEXLTD trade ideas
#subex#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 - LongSUBEX - Long
Target: ₹ 61.7
Resistance- Break out line : ₹ 53.55
Support: ₹ 49
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SUBEX LTD,WEEKLY LINE CHARTSUBEX 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 125+furious upside moment can be expected above 63.5 MCB.
support at 54.85 - 48.8,
targets 88 - 106 - 125 in next 6 months probably.
SUBEX LTDDaily RSI in subex havent gone below the lower limit from May,2020. And the recent fall has been share and quick if continues to come down, supports are marked with yellow line. That would be low risk buys.
Subex Ltd *For educational purpose only
Stock has given a breakout of the trend line in upside expecting a good move above 62-63 with volume 80-90 levels can be seen in coming days
Before taking trade ask to your financial advisor
SUBEX REVERSAL Doji at support followed by a marabozu candle and decent volume. can be held for previous highs followed by fib targets thereafter.
subex trendline breakout Subex is testing patience of investors. The investors with the most patience will create huge amount of wealth from it. Keep patience the rally is just around the corner. excellent technical strength makes it a stock to examine in more detail.
subex consolidation completedSubex consolidation completed up move started. it will reach up to 74. it respected 55.70 going towards 74.30
Subex on a higher JourneySubex had been consolidating below 17.80 for a period of more than 8 years from July 2012 to Oct 2020. It's share price has multiplied more than 4 times in the preceding 10 months. It has declared a dividend after lapse of 14 years, in Feb 2021.
Weak below 49.80, target 95, 120.
Disclaimer: It's not a recommendation to buy or sell. Do your own diligence. For education purpose only.
SubexSTRONG SUPPORT BWTWEEN 60-61. SHOULD TRADE ABOVE 63 OR BELOW IT CAN SLIP TO 57-56.
NEXT UPMOVE CONFIRMATION IS ANY CLOSE ABOVE 67
wait for the trendline retest before buyingbuy according to your risk appetite around 61-62 levels, Exit if breaks the green trendline, target is around 75-80 levels.
Thank You.
subexit shall stay above 69 to continue the upmove or it need to consolidate here for sometime. support at 65-62
