1. It can clearly seen the way AFFLLE India is making ATH with every passing month after breaking out of triangle pattern. Keep investing in this stock for long term. 2. For effective return, try to add fresh buying when RSI is in 40s level. 3. I know people would be reluctant to invest by seeing stock price 5K+ but believe me that act as a plus point since...
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
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.
It might slip below 3730 to the next supports as indicated. Above 3730 nothing to worry.
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
Affle India if holds could show 1740 / 2200 again . need a good closing again tomorrow.
Chart and past trends say it all. Good stock to invest in. Very Promising future.