Routemobile
Continuous in UptrendStock in uptrend since listing cause the fundamentals are very strong
and growth is very much impressive.
Future is bright fundamentally and so that looks technically too.
Let's see does it give breakout or breakdown.
The only one thing that is the wicks upper side in current pattern are long.
That should be also considering point to took a trade.
Even if it gave breakdown, the major support line is near so a pullback will also come soon so not to worry a lot.
It will be amazing if gave breakout.
Let's see.
This post is for information purpose only.
Route Mobile, Swing/Positional TradeRoute mobile is about to breakout from a symmetrical pattern. One can take a swing position/positional trade in the same if the symmetrical triangle gives a breakout upwards with a stop loss of 1400 and target of 1720.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same.
ROUTE MOBILE - Right Entry?After the recent correction, the stock has now turned tides.
Awaiting a breakout of the falling channel.
MACD also looks set for a positive crossover.
Usually , technical analysts recommend buy on horizontal breakouts but when there are more factors to suggest an up move right at the bottom, it is worth taking a risk of 30% of your planned investment in a stock.
let's see what thing the stock respects: wave or channel?hello guys :)
came back with a new Idea and I think so that many of you have doubts about this stock like when and where to enter?hold or exit? etc...
I also posted previously Idea that you can enter in this stock;that time it was 800 to 850 levels...
I also bought this first @830 and after that I also bought @726 as I founded it bullish according to my analysis.
but sorry guys I forgot to post an Idea on this :(
now you can see the chart that the stock made a channel and also an elliot Impulse wave.
now what will it respect?and when to enter,exit,or hold is given in the chart.
Thanks for viewing this.may help you :)
Aniket