its a good B'out but not sure it will sustain as it creating the support below, may break if it holds on the same level for long time. For low RR its good.
Affle is showing consolidation for long time and fundamentals are good so far!
Price already retested the breakout and one can make pyramid positions as its start to rally.
Affle is showing cup and Handle pattern breakout and retest now. I think it is ready to break 1400 levels and then 1500,1600 in short term.
My Target is 1400,1500,1600 in coming 2-3 weeks.
Back with another banger if the market likes to decide to go up. affle is curretnly at its support line and its targetting to make 20% min (hopefully). +-
Affle is being traded above its weekly chart hurdle,
So, Bullish View.
Target 1230, 1321
SL : 1105 (1 day close base)
Risk is yours and Reward is too yours totally
Bullish Reversal View:
Affle,
Invest in Affle at cmp and
Keep SL : 1044
Target 1090, 1126+
Risk is yours and Reward is too yours totally.
Time Frame : 1_3 Months
Affle India has given a cup & handle breakout.
Cup & Handle is much reliable pattern in technical analysis. But still never trade without SL.
Note: Volumes are good in weekly but not so good in daily. This means that SL is important and it may take a longer time for the target.
CMP : 1204
Breakout level: 1185
SL: 1110
Target: 1340
Disclaimer: I'm not a...
The stock is trading at lower prices if you see last month's movements. In the last few days, it formed a double bottom
and again came down to lower levels. If reverses from these levels, a bull run may come.
The risk-reward ratio is good at this point.
1. If we enter at 940 while considering the stop-loss at 860 - the loss will be 60 points.
2. If prices go in...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
AFFLE INDIA LTD
1) Time Frame - Monthly.
2) Downtrend strong triangle pattern breakout.
3) Next target would be Previous All Time High - 1511.
4) Recommendation - Strong Buy
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Affle India given already multibagger returns But in Last 2 Year this is in Consolidation Phase
Affle India Current Market price is 1084 and PE is 51
Their Recent result is also Amazing and Still reporting Highest ever sales and revenue
That consolidation given opportunity to retail Invest to buy This quality Stock at Right price
Target is...
