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...
#History repeats itself and that is what is seen here also, with the support of good volumes and green Elephant candle we can clearly see a breakout of Channel pattern. Once sustains above 50EMA , may get a positional target of 580 - 600 - 640 levels.
Using the concept of Support and Resistance one can understand the chart. Additionally, RSI going above 60 with some good volumes suggest the buyers interest in the stock, once can enter with a positional target of 800 - 900.
Once crosses above 351 with good volume, i am expecting it to go higher! Let's watch out tomorrow.
Seems possible in the coming week, Follow the Support & Resistance for booking profit / Loss.
Just simple Chart analysis. Let's watch out in the coming week.