ROUTE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.2

Here’s a detailed technical analysis of Route Mobile Ltd (ROUTE)

📊 Trend Overview

Current Trend: The stock is in a clear downtrend, trading below both its 50-DMA (₹897) and 200-DMA (₹1,059), indicating sustained bearish pressure.

52-Week Positioning: At just 4.63% of its 52-week range (₹841 – ₹1,657), the stock is hovering near its yearly low, reflecting significant underperformance and weak sentiment.

📈 Momentum Indicators

RSI (50.1): Neutral. Indicates indecision, with no strong directional bias.

MACD (-7.56): Bearish. Negative crossover confirms fading momentum and lack of bullish conviction.

Volume: Current volume (1.00L) is below the 1-week average (1.32L), suggesting reduced participation and absence of breakout strength.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating near its 52-week low, forming a narrow range between ₹860 and ₹900. A breakdown below ₹841 could trigger further downside.

Support Levels

₹841 – 52-week low and immediate support

₹820 – psychological support if breakdown continues

Resistance Levels

₹897 – 50-DMA and short-term ceiling

₹950–₹980 – previous breakdown zone

📌 Bollinger Bands

Price is near the lower band, suggesting oversold conditions. Bands are narrowing, indicating low volatility and potential for a sharp move—either a bounce or further breakdown.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 850–870 Near support and potential bounce zone

Exit (Short) 895–900 Resistance zone, near 50-DMA

Exit (Long) 950–980 If breakout sustains above ₹900

🔍 Market Behavior

Trending: Yes, but bearishly.

Consolidating: Yes, price is range-bound near support.

Reversing: Not yet. Indicators suggest continued weakness unless RSI rebounds and MACD flattens.

🧠 Summary

ROUTE is technically weak, trading near its 52-week low with bearish momentum confirmed by MACD and RSI. Volume trends are soft, and price action suggests consolidation with a bearish bias. Traders may consider speculative accumulation near ₹850–₹870 with tight stop-losses and watch for a reversal signal above ₹900 for confirmation.

Let me know if you'd like to compare this setup with other mid-cap tech or telecom service providers.

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