Subros Limited (SUBROS) Stock - Complete Technical Analysis - Sep 11, 2024

Subros Limited Stock Analysis: Key Support & Resistance Levels for 2024

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Technical Analysis of Subros Limited (SUBROS)

Subros Limited is currently trading at 746. The stock has shown an impressive 112.62% gain from its 52-week low of 350.65, but is trading 9.89% below its 52-week high of 827.4.

Support and Resistance Levels:

Support Levels: The key support levels are around 736.56 (Camarilla S3), 747.83 (Classic Pivot), and 668.27 (Classic Pivot S1). These levels could act as significant barriers to a further decline.

Resistance Levels: Resistance is likely around 811.35 (Camarilla R1) and 825.74 (Fibonacci R1). The stock may face challenges surpassing these levels.

Technical Indicators:

MACD: The MACD is showing positive momentum, suggesting that the stock has bullish potential in the near term.

RSI: The RSI is neutral, indicating neither overbought nor oversold conditions. This could mean that the stock is in a consolidation phase.

ADX: The ADX is moderately high, suggesting a strong trend. The stock is currently in a bullish trend.

Stochastic Oscillator: The Stochastic %K is below 40, indicating that the stock might be in a bearish phase or experiencing low momentum.

Moving Averages: The stock is trading above the 50-day EMA but below the 10-day and 20-day EMA, which suggests mixed short-term sentiment. The 200-day SMA provides a long-term support level.

Volume Weighted Moving Average (VWMA): The VWMA is higher than the current price, which could indicate selling pressure or that the stock is undervalued relative to its recent trading volume.

ATR: The Average True Range indicates that the stock is experiencing moderate volatility, which could be a sign of upcoming price swings.

Chart Patterns:

Ichimoku Base Line: The Ichimoku Base Line is positioned below the current price, which suggests that the stock may be in an overall uptrend, though the momentum might be slowing.

Overall, Subros Limited shows potential for further upside but faces resistance near key levels. Traders should watch for price action around support and resistance levels and consider the mixed signals from the moving averages and oscillators.