Affle - Breakout made
Updated
Affle India has given a cup & handle breakout.
Cup & Handle is much reliable pattern in technical analysis. But still never trade without SL.
Note: Volumes are good in weekly but not so good in daily. This means that SL is important and it may take a longer time for the target.
CMP : 1204
Breakout level: 1185
SL: 1110
Target: 1340
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Cup & Handle is much reliable pattern in technical analysis. But still never trade without SL.
Note: Volumes are good in weekly but not so good in daily. This means that SL is important and it may take a longer time for the target.
CMP : 1204
Breakout level: 1185
SL: 1110
Target: 1340
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Trade active
Trade closed: target reached
Affle has started showing weakness near its target price. CMP 1320. High made 1336.Those who can give time and want to hold can keep a SL of 1280 and hold. Others should exit at CMP. Closing the trade setup.
Stock has given 1204->1320=116 (9.6%) in 22 days.
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