π Route Mobile β Early Signs of Accumulation?
ROUTE
π Key Observations
Trendline Resistance: Price is testing the long-term falling trendline.
Support Zone: Strong historical base around βΉ950ββΉ1000 (highlighted zone).
Volume Spike: Notable volume uptick, indicating potential early buying interest.
π Strengthening Indicators
RSI Positive Divergence: Price made lower lows while RSI made higher lows β an early bullish signal.
OBV Pickup: On-Balance Volume (OBV) is showing higher lows, suggesting accumulation.
β‘Whatβs Next?
Watch for Breakout: Sustained move above βΉ1,050ββΉ1,080 could confirm reversal.
Resistance Ahead: βΉ1,162ββΉ1,200 remains a critical supply zone.
Support Levels: βΉ950 remains key near-term support.
π’ Disclaimer:
This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held.
π§βπΌ Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332).
π Investments are subject to market risks. Read all related documents carefully.
π Investor Charter & SCORES complaint link available in bio.