Affleindia
AffleAffle - Cmp 4418
The stock is trading near an important support area and showing signs of reversal. Long time gap has been filled as well. RSI is also in oversold zone.
Looks good for long at cmp with strict stop loss of 4070 for targets marked on the chart.
*Warning - The stock is currently in T2T, so intraday or BTST is not possible and have to wait for T+2 for selling.
#AFFLE .. This may be an opportunity to buy for 30%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
AFFLE is showing some profit booking today as wellProfit booking from 4500 levels is visible in NSE:AFFLE . If this profit booking continues then 4100 levels can be seen soon. Volume is more than normal. RSI on daily timeframe is in oversold zone so at any point of time buying can come. It has already corrected almost 30% from it's top.
Affle on our radarNSE:AFFLE came to my radar on Friday. It has retraced more than 20% from it's high. It's been consolidating in 4500-4600 range for the last few trading sessions. RSI is also in over sold zone. So it can show some reversal soon. As soon as it's recovery signs are visible I will think of buying it for the targets of 5100 and 5300.
AFFLE showing some fresh buying at 4500 levelsNSE:AFFLE showing some good buying at 4500 levels but selling pressure came in instantly. RSI is also showing that it's in oversold zone so it might show signs of reversal from here. I will wait for a good positive confirmation. Today's candle does not seem bullish to me.
► ADVANCE PATTERN #18: AFFLE ◄► ADVANCE PATTERN #18◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly ❤ like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and announcement 📣 regarding stock analysis.
▣ Key Highlights:
➟ Time frame daily Ⓓ
➟ Horizontal Support ≕
➟ Trend line ⍩
➟ Triangle pattern ►
➟ Flag Pattern 🚩
➟ MA 100 ↝
➟ Unique Confluence Ⓤ
📌 Levels are:
Entry: ▲ 5400
SL: ✘ 5200
Target: ➚ 6500/6800
RR: ☈ 1:7
Return: 25%+
Do your own study before Trade!!!
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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