Triangle pattern in formation in Affle. Buy at support in anticipation of breakout or buy on breakout.
Stock is currently trading at very high valuations. If any fall happens in the market, affle India can see 1000 points corrections. 5140 is crucial level.
The parallel channel forms the base and a Cup and Handle Pattern is also evident. No Overhead Supply. #Ridethetrend
buy at 5550 sl- 5340 target-5888 more than 2: 3 risk: reward
AFFLE India is a great stock to hold in the portfolio. The stock has shown interest in a lot of investors in the past. We can Expect the stock to go as low as 3300 - 3100 levels. But a great opportunity for investors to get exposure in a monopoly business. The stock has great fundamentals.
Being in the channel Target - 1719 - 13.5% SL - 1480 - 2% Price crossed above SMA 10, 30, 50 , 200 Price broke out of Flag channel. RSI at 56
Being in the channel Target - 1719 - 13.5% SL - 1480 - 2% Price crossed above SMA 10, 30, 50 , 200 Price broke out of Flag channel. RSI at 56
Chart and past trends say it all. Good stock to invest in. Very Promising future.