Subros Ltd – Shakeout and Support Retest Setup

Subros Ltd – Shakeout and Support Retest Setup

SUBROS

📈 Pattern & Setup:

Subros is currently holding near its 50 EMA, forming a potential reversal base after multiple shakeouts. The price action shows healthy absorption with drying volumes — a classic sign of selling exhaustion.

The 50 EMA has acted as a strong dynamic support in previous swings, and now, the same zone is being tested again with visible shakeout candles. This could lead to a short-term rebound if buyers step back in. The next target zone sits near 1180–1200 levels, offering a clean 15% upside move from current levels.

📝 Trade Plan:

✍Entry: Above 1040 (confirmation of reversal candle and volume pickup)

🚩Stop-Loss: 995 (below 50 EMA and recent swing low)

🎯Targets:
Target 1 → 1110
Target 2 → 1200 (approx. 15% potential move)

💡 Pyramiding Strategy:

1. Enter 50% above 1045 with confirmation candle
2. Add remaining 50% once the price sustains above 1075
3. Trail stop-loss to 1015 after price sustains above 1090

🧠 Logic Behind the Setup:

This setup represents a classic “Shakeout + Dry Volume” pattern around key moving average support — indicating that sellers are losing control while smart money quietly absorbs supply. A strong bullish candle with rising volume can confirm a near-term trend reversal.

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.

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