A strong closing above the resistance with a unusual/more than average volume seen in chart of ROUTE MOBILE LTD. Can be a good positional pick at CMP or can apply buy on dip strategy till 1980 level, above targets are given by considering a Fibonacci levels at different highs & lows in the chart, can go for the above Targets/given levels in the chart. Can expect a good upside movement after being in the range for a long time. Expect the ultimate Target of 2687 level with a strict stop-loss below the 1975 level (exit only when one day candle closes below the 1975 level)
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
Trade active:
a good 6% move today and our 1st target has achieved. would suggest to hold the trade if you're holding from given levels, since the RSI is in overbought condition the dip is expected and as already suggested to apply buy on dip strategy till 1980 level.
