Route Mobile Super Bullish Breakout, Retracement Done
1. Prices took resistance 2 times as shown in the weekly chart - On 2nd May 2022 & 17th July 2023 At 1728 Levels.
2. Breakout with volumes came on 24th June 2024 where weekly closing came At 1823.4.
3. Prices has retraced 18% from breakout level of 1823 & we are observing bullish pin bar on weekly chart.
4. The only target which seems accurate for Route mobile is 2350 which was supply zone previously.
Companies fundamentals also very good like –
- INDUSTRY PE is 36.5 while stock PE is 29.7
- DEBT TO EQUITY ratio is good
- SALES has doubled from March 2022
- Promotors holding increased massively
TRADE:
Buy Route Mobile At Cmp – 1613
SL – 1380 ( Weekly Closing Basis )
Target – 2350++
2. Breakout with volumes came on 24th June 2024 where weekly closing came At 1823.4.
3. Prices has retraced 18% from breakout level of 1823 & we are observing bullish pin bar on weekly chart.
4. The only target which seems accurate for Route mobile is 2350 which was supply zone previously.
Companies fundamentals also very good like –
- INDUSTRY PE is 36.5 while stock PE is 29.7
- DEBT TO EQUITY ratio is good
- SALES has doubled from March 2022
- Promotors holding increased massively
TRADE:
Buy Route Mobile At Cmp – 1613
SL – 1380 ( Weekly Closing Basis )
Target – 2350++
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.