Multi-Bagger 10X Candidate - ROUTE
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Observation
- Price trading below objective TL for nearly 24 months
- Bear-trap at 1641
- Breakout of TL above 75 RSI
Qualifies for 10X move
Entry Trigger: Bear-trap/Variation above 20 EMA
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@Kaushik Akiwatkar
Hi Koushik sir,
An objective TL can only can draw from an all-time high or any peak is okay..? for this strategy -
@RAGUNATH_AG From the all time high
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One can read a detailed Funda-Techno Research Report on Route Mobile here:
https://insight.definedgesecurities.com/research/route-mobile-funda-techno-research/
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Thank you...
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@Kaushik-Akiwatkar just a query, does these qualify for Wave 3 pattern of Elliott Wave, as Wave 1 is completed with RSI 75, then retrace with Bear trap is Wave 2 and then the prices are moving up which is Wave3, I could be completely wrong.
