Affle India for 60%+ gainsDate: 6 Nov’24
Symbol: AFFLE
Timeframe: Weekly
Affle India seems to be in Wave V of 3 which may end around 1850. And after correction in Wave IV, the price is likely to head to 2450 (60%+ from where Wave IV ends) as seen in the chart. Once the prices go past 2000, five waves of Wave 5 will be more visible. Wave 5 could even extend and head towards 2800+; will review this as waves develop.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
HINGLISH VERSION
Aisa chart dekhke lagta hai ki Affle India 3 ki Wave V mein hai jo 1850 ke aaspaas samaapt ho sakti hai. Aur Wave IV mein giraavat ke baad, keemat 2450 (60%+ jahaan Wave IV samaapt hotee hai) tak pahunchane kee sambhaavana hai. Ek baar jab keematen 2000 ke paar chalee jaengee, to Wave 5 kee paanch waves adhik dikhaee dengee. Wave 5 extend bhi ho sakta hai aur 2800+ kee taraf badh sakta hai; wave vikasit hone par isakee sameeksha karenge.
Yah koee trade lene ki salah nahin hai. Kripya apana vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
AFFLE
AFFLE - Ichimoku Breakout📈 Stock Name - Affle India Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1600.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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AFFLE - Bullish Consolidation with VolumesNSE: AFFLE is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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AFFLE | Swing Trade📊 Details
Incorporated in 1994, Affle is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Resistance Breakout. AFFLE Price Action Analysis
Price tested the horizontal resistance multiple times but the resistance is unable to push the price away.
The price continues to mark higher lows into the resistance to a point that a narrow range is established just below the resistance line.
The breakout of the narrow range is accompanied with the breakout of the horizontal resistance.
Affle - ascending triangle pattern Affle is constantly making higher highs and higher lows. Price is forming an ascending triangle, which is form of a bullish set up.
Interpretation: Price moving high in a narrow range, increase in share price means that buyers are interested in buying a stock even at increasing price, which indicates a bullish anticipation in buyers.
Price is also showing 2 more bullish signs:
1. Price taking support from key moving average: 20 Day EMA
2. Key moving average cross over : 20 day Ema has crossed 50 day EMA from below, on 31st march.
Keep an eye on stock and add to your watch list. Any close above 1295 can lead to potential target of 1340, 1412, 1480 in order. Check your risk appetite and pick safe targets accordingly.
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