Hey 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.
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 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
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.