markets are in range, targets are drawn.
MOVING AVERAGE crossover.
it has completed its waves, and already reached its bottom on June last week. now it has show a impulse wave, hope to see a breakout this week.
ROUTE is consoladating a long way, earlier corrected 30% now again corrected at 30%. Now can reverce from here till the box then make the new high from the green line.
Very good consolidation breakout and Trendline supports
Shortterm trading tgts 1950-2000
Add on dips till 1600
Strict closing SL 1500
Note - Before taking any entry please concern with your own financial advisor
A successful breakout today from Symmetrical triangle inching towards it's previous All Time High. The stock has a potential of going higher then its ATH . It took a support of the falling channel and the lower trendline(now for symmetrical triangle)
One can wait for a retest to occur and buy around 670 levels for a short term trade. Well the Risk takers can buy...
This week we look at Route Mobile for targets of Rs.1925 as it gets ready to come out of a triangle pattern. The Stop Loss is going to be your your lower line in the triangle. Route Mobile is a CPaaS player and is one of the best in terms of finacial numbers in the industry. A stock analysis for the same was also made on my YouTube Channel. Good company.
Route mobile has posted a good results in this qtr.
The chart also seems to support the stock with ascending triangle breakout pattern, which can fly off at any time!!
