ROUTEMOBILE RESISTANCE BREKOOUT WCBRoutemobile resistance breakout
on #weekly basis with huge volume
good rsi macd crossover seen
#target 2250-2350
sl 1500
EDUCATIONAL IDEA
Routemobile
ROUTE MOBILE LTD - Reversal Pattern | BullishPrice analysis & overview:
1. Price structure has shifted from bearish to bullish forming HH-HL.
2. Above 1900 momentum will be expected.
3. Buying strength is getting stronger.
Trade Plan:
ENTRY = 1st entry can be planned at cmp or around 1600
SL = 10-15% max
TP = 40-70%
- Confirmed entry will above 1900.
- Since RRR is favorable a risk can be planned.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
ROUTE MOBILE RESISTANCE BREAKOUTRoute mobile #resistance #breakout
with good volume and rsi
trading above all key ema
#target can be 1750
educational idea only
Route mobiles swing trade for Nov 2023I used vcp and order block to confirm my trade ,its a long entry and do your own research before taking an entry.
November 2023 Stock Picks For Swing EntryHey guys, so today we are going to discuss some of the stocks on my watchlist for the month of November 2023. Before starting the analysis of November 2023 stock picks for swing entry, let’s understand how we are going to do it step by step.
Can Route follow uptrend route?Route is looking strong if it gives daily closing above 1400 for minimum targets of 1600.
Q4 results have bettered the estimates.
Also, stock has recently given bounce from strong support trendline.
Kindly trade as per your own analysis!
#RouteMobile candidate for reversal #RouteMobile showing highest volume after July'21 and ready for breakout. Wait for close above 1350.
ROute hase formed a base in the range of 1070-1270 and now ready to move above this range with very good weekly volume.
Route Mobile also showing good quaterly results and now cheaper stock in this space after good correction from the peak price of 2390
Can be added for 20-30% upside fom here.
ROUTE : Looking for Buying Opportunity!ROUTE is looking for buying opportunity! After formed descending channel & line up with double bottom. Expecting TG to reach 2400 for longterm.
ROUTE : Looking for Long!Route mobile is looking for great buying opportunity after formed descending channel & Lined up with the double bottom formation and has a potential movement to the upside.
Route Mobile - Daily Time FrameRoute Mobile
CMP: 1,321
SL: 1,235 (CB)
Target: 1,494
Risk Reward ratio - 1:2
Stock has posted good set of numbers can be a Portfolio stock.
ROUTE : Looking for buy!Route is looking for great buying opportunity for a move to the upside. Target expecting to reach at 2400
ROUTE ready to SHORT || ROUTE:BSENot looking good
Time to go down
Trend breakout followed by rejection, we would see lower levels as the breakout is not sustaining
Route Mobile: Consolidating 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.
Route Mobile --- trendI have just marked trend setup and channel setup for route mobile.
Stay tuned for important update on this setup as and when it happens.
Like... Share... Follow....
ROUTE MOBILE 19 SEP 2022As 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 hitting the 1500 level so we can short it with simple price action and trading analysis for the 19 SEP 2022 intraday.
SELL levels are 1400 or before to reach the level of 1400 and then continue the move further.
BUY side is not recommending that much as its already on the sell-side and ran from the opening price up to 2100 which is 6 times of it so exhaustion in it is already seen and past trading days it's consolidating between the 1400 and 1500 even though it tries, to crack the 1500 but could not sustain that and now it is coming back its last support.
Route MobileRoute 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 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.
Ideal SL-1330.
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.
NSE:ROUTE
Route Mobile | Weekly | Potential Breakout for Long
1) Breakout above Weekly Trendline Resistance (confirmation after this week close).
2) Reversal from Demand Zone.
3) Momentum Indicators giving good signals.
4) Crossing weekly EMA-30.
Route Mobile*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 MobileVery good Correction seen form my marked levels in previous study ( Attached)
Approaching support zone... though the bounce wont be euphoric..
levels marked.
Happy Trading...
ROUTE : Expecting to reach at 3300Route is looking for a great buying opportunity to the upside, after having 42% correction & has the descending channel within it. Best time to enter this trade an expecting TG to reach at 3300
