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.
As the INDIAN IT showed some bearishness in the last two trading days so as per that and as per BRITISH inflation data most of the IT sector also we can see through the US data countries are starting to go into a recession. Thus IT sector is crashing so this share which is having most of the business in EUROPEAN countries also it is showing exhaustion after...
Route Mobile has a Doji formation at support levels of 1400. If the stock gives a positive closing this week, then one can look to go long in this stock. Route mobile is a CPaaS provider and is a strong player in its industry.
Channel Breakout in Route Mobile
For the upside rally Stock has to Close above 1500-1515 Range with good candle and volume.
Pattern Target - 2000 range.
For retest 1400-1450 act as support.
Overall Analysis is given in the chart.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
*for educational purpose only it's not a call.
1) forming an IH&S.
2) forming cup & handle pattern.
3) trading in a rectangle channel.
4) trading in range.
5) RSI is having strength.
if it breaks intraday high of 1350 than go for swing trade.
it's my own view, please do your analysis.
ROUTE MOBILE LTD
Route Mobile Limited provides cloud-communication platform services (CXPaas) to enterprises, over-the-top players, and mobile network operators in Africa, Asia Pacific, Europe, the Middle East, and North America.
RML is based on an Omni-channel...
Buy Route Mobile for Positional Trading as well as Investment.💸🔥💸
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Route Mobile is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Their product portfolio includes smart solutions in Messaging, Voice, Email, SMS Filtering, Analytics &...