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
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน