NSE:ROUTE has recently broke out from the symmetrical triangle and resistance level 1660 with huge volumes as highlighted in chart. The stock was narrowing down inside the triangle for around 90 trading session with relatively low volumes on moving down. There is a minor resistance around 1815 levels and if taken the stock can test all time high and even breakout to form new highs. This is just my view please and for reference purpose only. Please consider your analysis and manage your risks before taking the trade.
Kommentera:
Ufff!!! What a Move!!!As Mentioned, the stock has rallied and formed a new all time high! Some correction(profit booking) can be expected, however the stock is still looking very much bullish. Please like the ideas if it is helpful and follow for more such ideas.