AFFLE SYMMETRICAL TRIANGLE + BULLISH PENNANT FORMATIONTarget 1 shall be around 1255 to 1260 and further breakout of all time high can move a bullish pennant type of breakout
AFFLE trade ideas
AFFLE INDIA LTD - SUPER COMPANY - SUPER AGGRESSIVE MANAGEMENTAffle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through relevant Mobile Advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud. While Affle's Consumer platform is used by online & offline companies for measurable mobile advertising, its Enterprise platform helps offline companies to go online through platform-based app development, enablement of O2O commerce and through its customer data platform.
This is a follow-up idea of the original idea posted on May 31, 2021 when the stock was in good runup mode but the stock started consolidating. Then the management decided to split the stock in 1:5 ratio. After giving price and time consolidation for around 6 months the stock again started it’s runup just after the split announcement (same time we updated the comment on previous post to take fresh entry).
We have discussed enough about the company fundamentals in our previous post let’s look at the stock from fresh perspective this time:
1. The company posted its quarterly results twice and both times the profits bets its old records.
2. The company’s India business acquired Mobile Advertising Technology Company for over $41 Million in the month of June 21.
3. Affle got US Patent Grants in the month of Sep 21.
4. Sharekhan forecast Affle India’s revenues and earnings to report a CAGR of 26% and 32%, respectively, over FY2022-FY2024E. They also believe that Affle India is better placed to capture opportunities from favourable industry tailwinds given its competencies in both in-app and on-device ecosystems, end-to-end offerings in the CPCU business model and a first-mover advantage in emerging markets.
5. From the technical point (i) the stock is trading above 50 and 200 DMAs, (ii) volume got dried up during consolidation phase now again the volume is picking up as highlighted in blue box at the bottom, (iii) Recently the stock created rounding bottom pattern and cup and handle patter in short term, (iv) the stock is ready to give fresh breakout and give another good runup.
Fresh Buy – At CMP 1197
Old Buy – Hold
Target – Hold tight, book as per comfort.
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
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Happy Investing!
ShareMktSchool
AFFLE INDIA : STRONG BREAKOUTFresh breakout with good volume | Good buy for long term | fundamentally superb stock
TGT - 1500 & 1650
SL - 1230
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Affle showing strong demandThe target for Affle triangle breakout will be around ₹1360.
For the flag pole the second target will be around ₹1745
AFFLE INDIA keep an eye on its upmoveaffle india ..positive move today..
may continue , as per pattern and levels one may observe its upmove
very good result,
decide on ur own ,risk is your
#BreakoutCup and Handle Breakout
Try to accumulate on dips
5-8 months time Horizon
Disclaimer: Educational View
Long on afflecup and handle pattern is forming started bo today waiting for proper healthy break out then trade will initiate ......
AffleDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Cup and handle formation in AFFLE IndiaAs can be seen in the chart NSE:AFFLE is forming Cup and handle formation. All the Levels are mentioned in the chart.
One can go long after a Successful breakout.
Disclaimer : For Educational Purpose only.
Affle India [Daily]We might see a good potential for a swing in the coming days. Keep it on your watchlist. Weekly TF seems to be gaining strength.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Happy Trading!
AFFLENSE:AFFLE
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Affle India Bullish view after long consolidation Affle india ready for upmove . i am expecting 20-25% upmove in next few days
AFFLE INDIA - Buy at 950Affle India has formed double top and falling. If (a) is equal to (c) then it should be fall to 950
0
Long Affle @ CmpAffle can be long at current market price.
1. Cup and Handle formation.
2. Handle had retraced till 50% of the cup formation.
3. Current Price near trend line so a small sl
CMP 1097
SL 1040
TGT 1230-1300-1400
AFFLE for swing tradeRetraced from 38.2% levels with good volume. Also tested 50 EMA. Expecting a good upmove in this stock.
Above 1210 this stock should shoot up.
Entry 1210 with SL of 1100 and target anything near 1450 levels.
Go long once it crosses 1250Forming inverted head and shoulder pattern.
Wait for the breakout at 1250 level, If it spends more time near neck line, breakout will be very strong
Affle India - Cup and holder patternNSE:AFFLE
Keep in watch for break out.
Once it break out the resistance then we can take the position
CUP AND HANDLE FORMATION IN AFFLEWeekly close above 1215 can give further up movement.
Stock shows strength during this time.
Affle-Inverse head and shoulder patternAffle forming inverse head and shoulder on weekly time frame. Any close above 1230 would lead to a 25-30%(even more if market supports) increase quickly.
Trade with Strict SL of 1000(WCB)
