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.
NSE:AFFLE is showing good bounce from it's 4200 levels and with good volumes. If it sustains 4400 today then it can continue towards 4500 and 4700. Day timeframe RSI is also showing steep upward momentum.
Profit 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.
NSE:AFFLE has entered into oversold zone according to RSI on daily timeframe. It has broken it's 4400 support today and let's see if it goes towards the next support at 4000 levels.
NSE: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.
Targets are marked in the chart Stop loss would be 5020 on closing basis
Profit booking seen in NSE:AFFLE at 4732. 4732 is going to work as a resistance now.
NSE: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.
Some changes in past Idea Accumulate at cmp 5350 Buy more when Sustains Above 5600 CLBS 5000 Tgt 5800 6200 6500++ Note- Before taking any entry exit please consult with your financial advisor
Affle is looking for great buying opportunity after having 4 months of consolidation & has formed descending channel on 1h, & has Higher timeframe involved in & has the clear formation move to the upside to reach at 8500 for Target.
THE STOCK IS CONSOLIDATING AND IS NEARING CRUCIAL SUPPORT ITS MAKE OR BREAK FOR IT NOW NSE:AFFLE
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Triangle pattern in formation in Affle. Buy at support in anticipation of breakout or buy on breakout.
Low Risk Play. I've been keeping an eye here and today's candle suggests that it refuses to fall below that very strong support. The targets can be even more.