CautiousChartist

ROUTE MOBILE - Right Entry?

Long
NSE:ROUTE   ROUTE MOBILE LTD
After the recent correction, the stock has now turned tides.
Awaiting a breakout of the falling channel .
MACD also looks set for a positive crossover.

Usually , technical analysts recommend buy on horizontal breakouts but when there are more factors to suggest an up move right at the bottom, it is worth taking a risk of 30% of your planned investment in a stock.
Trade active: Target 1 met in 1 day 9%
Trade active: Seems like a Double Bottom formation. Good Signs