Get started
pradipandsuvra

Route Mobile: Consolidating

ROUTE MOBILE LTD (NSE:ROUTE)  
pradipandsuvra  
NSE:ROUTE   ROUTE MOBILE LTD
Wedge Support and Resistance indianstockmarket consolidationzone routemobile
0
0
wedgepattern supportandresistance indianstockmarket consolidationzone routemobile
Route Mobile:

  • Symmetrical triangle formation (shown as bold green and red lines)
  • The current price is in consolidation zone (shown as the violet color rectangular box).

So one has to wait for the rectagular box breakout with volume at the price level of 1442. SL is the box's low: 1320.
Upside target can be 1480.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.