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Looks like it has decided to move to the 3600-3700 range. But overall its a good buying zone. But if we see a strong reversal from the 3600-3700 zone that could be a good risk-reward trade for the short to mid-term.
On the Weekly time frame, AFFLE has corrected to its last level of retracement, is taking support from its long trend line and now has a Hidden Divergence in place for it to move upwards.
On the 1 Hour chart as well, it is breaking out of its trend line with an Inverted Head and Shoulder pattern along with a Hidden...
AFFLE IS AT A PERFECT PLACE TO START ACCUMULATING. TAKING SUPPORT AT THE 200D EMA AND AT A FIBO LEVEL. THIS IS ONLY FOR INVESTMENT PURPOSES NOT FOR TRADING. CAN GIVE AMAZING RETURNS IN THE COMING YEARS. DON'T MISS THIS OPPORTUNITY. FUNDAMENTALLY GREAT STOCK.
NSE:AFFLE can bounce from 4380 levels after some consolidation. It had been noticed that it's taking support around this level for the last 4 trading sessions. Seems like it will start rallying towards 4700 levels soon.
There is a sharp recovery from the 78.6% fib retracement level and now stock is hovering around 61.8% retracement levels..
Open position when price closes with a green (preferably long with volumes) bullish candle above 4600, can be easy 30% from here
Intermediate targets are marked too. Fo SL use 4450
We have been discussing NSE:AFFLE for the last 5-6 days and in the last 2 days it has given significant move. This morning some profit booking was seen but buying overtook the selling. It is bound to show some more up move.