SUBROS LTD - CONSOLIDATION BREAKOUT
Subros Ltd. is an interesting stock with following
1. RSI on all time frames DWM above 60
2. Narrowing Bollinger Bands on daily and Weekly time
3. Price Trading by touching upper Bollinger bands on both daily and weekly
4. Strong price breakout of more than 7 months long consolidation in price zone of 512 - 710 with huge Eiffel tower like volume candles on daily chart
5. ABCD Pattern under formation on Weekly chart
6. Major support near 640- 680 zone as price can re-test the breakout zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames DWM above 60
2. Narrowing Bollinger Bands on daily and Weekly time
3. Price Trading by touching upper Bollinger bands on both daily and weekly
4. Strong price breakout of more than 7 months long consolidation in price zone of 512 - 710 with huge Eiffel tower like volume candles on daily chart
5. ABCD Pattern under formation on Weekly chart
6. Major support near 640- 680 zone as price can re-test the breakout zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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