Affle has been in a price and time correction from a long time.
BUY reasons:
1. 50 DMA reclaimed with good volumes
2. Trendline broken and sustained.
3. Consistent Exceptional results from the company.
Cautious points:
Promoters decreasing their stake
Stock in NSE ASM list , hence in trade-to-trade category with dried volumes.
Stock is ready to be bought, but the trade is a bit risky, SL of 3950 and targets of 5075 can be achieved within some months.
Quality stock at good price, once it gets out of trade to trade, it can do really well.
BUY reasons:
1. 50 DMA reclaimed with good volumes
2. Trendline broken and sustained.
3. Consistent Exceptional results from the company.
Cautious points:
Promoters decreasing their stake
Stock in NSE ASM list , hence in trade-to-trade category with dried volumes.
Stock is ready to be bought, but the trade is a bit risky, SL of 3950 and targets of 5075 can be achieved within some months.
Quality stock at good price, once it gets out of trade to trade, it can do really well.