📉 Route Mobile – Prolonged Downtrend with Range Support Holding

1️⃣ Trend Violation Stock broke below the long-term rising channel in late 2023. Post breakdown, price action stayed weak with failed attempts to reclaim the zone near ₹1244–₹1075. 2️⃣ Supply Rejections Every retest near ₹1075 has been met with selling pressure. It remains the key near-term resistance for any meaningful reversal. 3️⃣ Support Band Stock is hovering near a minor support at ₹850. Stronger horizontal demand lies around ₹713 – the last major base zone. 4️⃣ Structure Outlook ⛔ Downtrend remains intact. 🧱 Support: ₹850 / ₹713 🚫 Resistance: ₹1075 / ₹1244 A base formation with volume support near ₹850 could be the first sign of strength. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.