SUBROS potential breakout - Strong prior buying force.
- Tight price action near base high.
- Inside bar formation.
- Low volume consolidation.
- Low risk entry
SUBROS
SUBROS LTDThis stock breakout as triangle pattern and TGT up to 977 SL bellow 643 ANd This analysis only for educational purpose
Subros gearing up for a solid comeback.Subros Ltd. engages in the manufacture of thermal products for automotive applications. Its products include compressors, condensers, heating, ventilation, and air conditioning systems, tubes and hoses, bus air conditioners, rail air conditioning, transport refrigeration system, truck cabin air conditioning system, and off-roader air conditioning.
Subros Ltd. CMP is 564.05. The Negative aspects of the company are High Valuation (P.E. = 43.1), Declining cash from operations annual, MFs are decreasing stake. The positive aspects of the company are No debt, Zero promoter pledge, Improving annual net profit, FIIs are Increasing stake.
Entry can be taken after closing above 574. Targets in the stock will be 603 and 638. The long-term target in the stock will be 652. Stop loss in the stock should be maintained at Closing below 495.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Subros @365 Bullish studiesSubros looks good on charts as it hasnt fell like other stock has been through.
has made fantastic bullish patterns which technical analyst like to learn and move through them
Positives
1. it has given breakout from price channel which is a bullish pattern.
2. Break out from Range - subros after giving BO from falling wedge remained in range and now it is able to sustain above the 340 odd levels.
3. 200 DMA - well placed above 200 day moving average. which is healthy and +ve sign as per technical analysis.
4. Double Bottom : it made double bottom near 275 indicates the bullishness in stock & even we can say rounding bottom type pattern from their.
5. leading indicator RSI above 50 another good sign.
6. another indicator MACD which shows direction is positive as well.
7. after drawing Fibo levels we can see 375 being a resistance above it 398 - 420 levels can be tested and 500 - 600 can be seen if it move above it.
These pattern suggesting initiate a buy call and even in dips as it moves like, can give fantastic returns. SL can be placed near 285- 300.
Disclaimer: not sebi registered the view is only for education purpose please ask advisor before investing.
subros long buysubros giving breakout from syemetrical triangle pattern buy at cmp sl 315
for education purpose Do your own research
Subros Breakout short termSubros is trading at 329 which is above the trend line which is the signal of short term break out. Target to achieve is 355 in near terms. Volume is also good to support breakout. MACD has given buy signal
Education purpose
