Hello Everyone, i hope you all will be doing good in your life and your trading as well! In today's post, i have brought a very interesting reversal setup on Route Mobile Ltd.
After spending over 2 years inside a falling channel, the stock has recently shown a sharp bounce right from the long-term channel support, which has held strong since 2022. Not just that, this bounce came with a strong volume spike, hinting at fresh buying interest.
The current price action structure is clearly indicating a potential trend reversal from the lows. I have marked a Good Accumulation Zone between (1100-1030), where smart money seems to have stepped in. If this setup works out, I am looking we can see good spike in coming few weeks, Please check chart above to know about the targets.
To manage risk, I have kept a safe Stop Loss at 863, which is approx 12% downside, while potential upside is over 47%. That gives us a solid risk-reward structure for positional traders.
Technicals Match Fundamentals:
Route Mobile is a strong player in global cloud communications, working with big names across the world. Long-term fundamentals remain stable, and the chart now supports a technical reversal.
If you enjoy such chart-based trade setups backed by structure and logic, don’t forget to LIKE & FOLLOW for more.
Disclaimer: This idea is purely educational. Please consult your advisor before investing.
After spending over 2 years inside a falling channel, the stock has recently shown a sharp bounce right from the long-term channel support, which has held strong since 2022. Not just that, this bounce came with a strong volume spike, hinting at fresh buying interest.
The current price action structure is clearly indicating a potential trend reversal from the lows. I have marked a Good Accumulation Zone between (1100-1030), where smart money seems to have stepped in. If this setup works out, I am looking we can see good spike in coming few weeks, Please check chart above to know about the targets.
To manage risk, I have kept a safe Stop Loss at 863, which is approx 12% downside, while potential upside is over 47%. That gives us a solid risk-reward structure for positional traders.
Technicals Match Fundamentals:
Route Mobile is a strong player in global cloud communications, working with big names across the world. Long-term fundamentals remain stable, and the chart now supports a technical reversal.
If you enjoy such chart-based trade setups backed by structure and logic, don’t forget to LIKE & FOLLOW for more.
Disclaimer: This idea is purely educational. Please consult your advisor before investing.
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Learn Profitable Trading Strategies That Work in Every Market
📈 High-Probability Trading Signals | Stocks & Index F&O
🎯 77% Historical Accuracy
📲 Join via WhatsApp:
wa.me/919560602464
Join Free Telegram:
tinyurl.com/5n7xsehh
📈 High-Probability Trading Signals | Stocks & Index F&O
🎯 77% Historical Accuracy
📲 Join via WhatsApp:
wa.me/919560602464
Join Free Telegram:
tinyurl.com/5n7xsehh
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。