Stock doing simple flag formation in up trending stock, with minimal SL and high rewarded,
requested to my followers do not take any trade based on my idea's this is only for educational purpose.
Subex is trading in the price range of 27-43 from many weeks...
Weekly price channel still suggest around 45 to 46 levels need to be taken out with huge volumes / weekly close...
Seems bullish..
Try to accumulate on dips near the levels mentioned...
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#Happy Trading..
📊 Script: SUBEXLTD
📊 Nifty50 Stock: NO
📊 Sector: IT - Software
📊 Industry: Computers - Software
Key highlights: 💡⚡
📈MACD is giving crossover.
📈Script has taken support shown into chart and started moving upward.
📈Script is trading near upper band of Bollinger Bands (BB).
📈Volume is increasing along with the price.
📈Current RSI is around 63.
📈Keep an eye on...
SUBEXLTD WEEKLY CHART
Ellipse breakout @ 43.50 Target 83-87
This stock has witnessed an ellipse breakout @ 43.50 levels.MOB projected for the pattern is placed @ 83-87 levels.
Its only an observation & not any suggestion or recommendation.
Technical Overview:
1. Breakout and Retest:
SUBEXLTD has recently undergone a significant technical development by breaking out from a falling trendline on the weekly chart. The subsequent retest of this trendline suggests that the breakout is being validated by market participants.
2. Hammer Candlestick at Support:
The appearance of a hammer candlestick...
Subex forming bullish ascending triangle with Volume surge , after 1.5year sideway now its trying to breakout of the consolidation zone volume supporting its movement too, lets see if it continue its momentum or not
The following are the key points to consider!
1. Strong buying momentum!
2. Technicals are strong
3. near breakout with volume
4. bullish triangle formation!
Tip. strictly education-purpose content!
This is not a recommendation.
Stock name = Subex Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...
Subex Ltd.
CMP 33.90
SL 24.15
TGT 60
Time Period 6-9 Months
Be Cautious as Management has bad history
One Can participate with smaller amount
Upside potential can more than 80% as huge buying seen on this counter.
Buy Entry @ 35
Target @ 50
Stop Loss @ 30
Risk Reward 1:2.5
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Subex has given good breakout on both long and short time frame.
Good base formation at 30-32 level. stock can move towards 39 and 40.
If it sustains can go further towards 50-60.
Volumes are building and something good can be announced soon.
Company has lot of sectors including AI, Blockchain, security, tele communiction.
One should visit company site to...
company announced availability of its fraud management solution on Google Cloud. This collaboration combines Subex's extensive fraud management expertise with the unparalleled scalability, reliability, security, advanced analytics, and robust partner ecosystem offered by Google Cloud. This joint venture will improve fraud prevention in the telecommunications industry
Although price is a tad bit high up on the curve, it is reasonable to expect.some amount of upswing from.marked zone.
Price is in an established uptrend so we can expect it to hold till proven wrong. Levels on chart, target can be open.
Do your own DD as always.
#Stock #NSE
#SUBEX/INR Bull Flag Analysis:-
Perfect Entry:- ₹35-₹40
Targets:- ₹63/₹95/₹336/₹730
Stop Loss :- ₹30
Reason to Buy:-
As Per HTF chart ( Daily / Weekly / Monthly) Strong Bull Flag Forming.
Bull Flag breakout not confirmed But We can buy around Channel support zone.
Breakout Point :- ₹56
1D Chart :- Bull Flag
1W Chart :- Bull Flag
2W Chart...
