SWING IDEA - AFFLE (INDIA) LTD
Updated
Affle India, a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity.
Reasons are listed below :
Target - 1500 // 1880
Stoploss - weekly close below 1050
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Ascending Triangle Pattern: The stock is forming an ascending triangle pattern, a bullish continuation pattern that indicates increasing demand and the potential for an upward breakout.
- Repeated Resistance Testing (1250-1300): The 1250-1300 resistance zone has been tested multiple times. The stock is now poised to potentially break through this level, indicating strong bullish momentum.
- Bullish Marubozu Candle: The recent formation of a bullish marubozu candle suggests strong buying pressure and the potential for further upward movement.
- Trading Above 50 and 200 EMA: Affle India is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels.
- Consistently Making Higher Highs: The stock is consistently making higher highs, indicating a sustained uptrend and ongoing bullish sentiment.
Target - 1500 // 1880
Stoploss - weekly close below 1050
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
Near SL levelsNote
price bounced back from support levels and is now trying to breakoutNote
at breakout stage, HOLD!Note
4% move today, ready for a potential rallyNote
made a high of 13%++ from our buying priceNote
highest weekly close since feb'2022, HOLD!Note
made a high of 19%++, hold!Note
bullish engulfing candle on weekly, hold!we are very close to our 1st target
Trade closed: target reached
1st target achieved : 24%++Note
made a high of 33%++Note
hold for further targets Note
made a high of 37%++Note
holding onto the support of 1500Note
bullish engulfing candle on weekly timeframe, hold!Note
hold
Note
Consolidating, hold!
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