Foram Chheda on why Route Mobile is looking attractive now

Technical Analyst and Founder of Chart Analytics, Foram Chheda, recommends buying shares in Route Mobile, which has attempted a breakout from resistance levels around Rs 1360-1365. The stock price has already surpassed the 200-day moving average, indicating a bullish trend. It is suggested investors buy partially at current levels, add on more at Rs 1,340, maintain a stop loss below Rs 1,299, and look for a target of around Rs 1,445. The Nifty has been volatile, with support at 16,800-16,747 and resistance at 17,200, potentially leading to a consolidated market.

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