ROUTE - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis for ROUTE (Route Mobile Ltd.)

Technical Rating: 2.5

📈 Trend Overview

Current Price: ₹910

50 DMA / 200 DMA: ₹982 / ₹1,137 — price is below both, confirming a strong downtrend.

RSI (30.5): Deep in bearish territory — oversold, but no reversal signal yet.

MACD (-22.6): Strong bearish crossover — momentum is sharply negative.

Volume: Below 1-week average — weak participation, suggesting lack of buying interest.

Conclusion: The stock is trending downward, with signs of continued weakness.

🔍 Chart Patterns & Indicators

Bollinger Bands: Price hugging the lower band — indicates oversold conditions, but no bullish divergence.

Support Levels: ₹862 (recent low), ₹830 (next base zone)

Resistance Levels: ₹982 (50 DMA), ₹1,020 (minor swing high)

Trendlines: Clearly descending — no breakout or reversal pattern visible.

🚀 Momentum Signals

Short-Term Signal: Strong bearish momentum; RSI and MACD confirm downside pressure.

Volume Trend: Weak — no signs of accumulation or reversal.

🎯 Entry & Exit Zones

Action Price Zone Rationale

Entry (Buy) ₹862–₹880 Near support, oversold conditions

Exit (Sell) ₹982–₹1,020 Resistance zone, likely rejection

📉 Market Sentiment & Fundamentals

FII & DII Holding ↓ — institutional sentiment is negative.

Quarterly PAT ↓ 32.2% — sharp decline in profitability.

PEG Ratio (0.72): Reasonable valuation, but growth outlook is dim.

Debt-to-Equity (0.19): Low leverage — a positive.

Dividend Yield (0.99%) — modest income potential.

🧭 Final Take

ROUTE is in a downtrend with oversold technicals, but no clear reversal signal. Traders may consider short-term bounce plays near support with tight stop-losses. Long-term investors should wait for volume-backed recovery or fundamental improvement.

Want to compare this with another telecom tech stock or explore its recent strategic moves?

Edit in a page