AffleAffle
MTF Analysis Remarks
AffleYearly Demand 815
Affle 6 Month Demand 1,394
Affle Qtrly Demand 1,260 Breakout
AffleMonthly resistnce Now support 1,394
AffleWeekly Demand DMIP 1,336 BUY
Affle Daily resistnce Now support 1,415 BUY
Once Daily Closing above 1690 - Expecting 2500 Target will Hit in Few Weeks
ENTRY -1 Long 1,415
SL 1,300
RISK 115
Target as per Entry 2,508
RR 10
Last High 1,884
Last Low 1,260
AFFLE trade ideas
AFFLE | SWING | POSITIONAL | LONGOne of the few Nifty 500 stocks which is showing Bullish price action is AFFLE. The stock is consistently forming Higher Lows and is now perfectly poised to breach new levels.
Notice how the price is trading comfortably above the Monthly Pivot which indicates Bulls are in control.
I've taken a long position in the stock for a Target to 2100 price level.
AFFLE (INDIA) LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
AFFLE INDIA LONG: HTF Demand Zone
Price is coming from Weekly Demand Zone & Month Demand Breakout
Affle Monthly Demand 1394 -Monthly BUFL PAT
Affle Weekly Demand 1496 -Weekly BUFL PAT
Affle Daily DMIP Demand 1648-1625 -Daily DMIP BUFL PAT
Affle 60 Mins BUFL Demand 1610 -60 Mins BUFL BUFL PAT
Fresh Target 1870
Long term continuation biasing patternGood volume buildup in daily and weekly timeframe.
Highest volume buildup in daily timeframe.
Long-term continuation biasing pattern breakout with good volume.
Fundamentals are good.
FII and DII stake increased significantly.
NOTE: I do my analysis, do yours before trade.
AFFLE1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
SWING IDEA - AFFLE (INDIA) LTDAffle India , a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity.
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
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@visionary.growth.insights
Break out from ressistance AffleBroke previous resistance with volume can go up to 1445, 1500 buy on dip with sl below 1200 on daily closing, duration of holding few weeks.
RSI now at 70, add more qty on dip.
Share Khan given target of 1535 on May 2024 , from entry of 1200 levels
Summary of Sharekhan Report
Affle’s (India) Q4FY24 revenue stood at Rs. 506.2 crore up, 1.5% q-o-q/42.3% y-o-y, beating our estimates of Rs.
499.8 crore, driven by steady growth in CPCU revenue.
EBITDA margin was flat at 19.4%, on q-o-q and y-o-y basis, slightly beating our estimate of 19.2%. CPCU revenue
recorded steady growth at Rs. 503.8 crore, up 5.5% q-o-q/57.8% y-o-y. Converted users grew 5.5% q-o-q/41.7%
y-o-y to Rs. 8.8 crore.
The company is poised to further accelerate its growth trajectory in FY2025 with a gradual increase in profitability
margin. The company is experiencing a strong market opportunity as advertisers are consistently increasing
their digital spending.
We maintain BUY on Affle with an unchanged PT of Rs. 1,535, as the company is expected to accelerate the
growth trajectory, driven by a wider adoption of its CPCU model and increased digital spending by advertisers.
At 1228 INR the stock trades at 43/36.1x its FY25/FY26E EPS.
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For educational Purpose. Consult your fiancial advisor before investing.
Affle India (Study Purpose)At support 200DMA, Volatility is lesser compare to other stocks.
Perfect reversal can happen from here.
Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
Personally I'm not invested yet.
Affle India for long - Internet/AI Theme StockAffle India for long - Internet/AI Theme Stock, with increase in participation by Institutional Investors this stocks has strong probability to do well in AI space.
Holding period minimum 1 Year
Note: Please consult your financial advisor before making any investments. This idea is for educational purpose only.