AFFLENSE:AFFLE
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AFFLE trade ideas
Affle (India) Ltd.*Affle (India) Ltd.*
Cup & Handle Formation - Weekly Formation
Price Break-Out / Volume Break-Out.
However, *Retracement Can Happen* Up To 1200 / 1143 /1121 /1102
As Post Price Break-Out Price Retreated by 286 Points.
If Happens then &Wait for Price Stabilisation & Upward Movement Indicators*
*Fundamentally Strong Company*:
Increasing Top-Line / Profitability /
Low Leverage / Strong TNW (Low Equity Base)
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
Affle(india)Affle India announced that the company's wholly owned subsidiary, Affle International has entered into a definitive share purchase agreement to acquire 28.33% shares of Appnext for a consideration of USD 8.21 million including the contingent incremental consideration of USD 4.75 million, to be paid over a period of 18 months.
Earlier in June 2020, the Affle International had acquired 66.67% shares of Appnext.
AFFLE a Low Risk Investment Idea Friends, It gave a nice correction of almost 20% from D point as pattern triggered a strong sell. Very recently it took support exactly at 0.618 and to retest C&H BO (A obvious target). Now, it is a low risk investment as having a strong support between 1200-1150 for min price target 1500 & beyond. #MK
AFFLE INDIA CUP AND HANDLE TRADE 🎯40% NSE:AFFLE broke out of a cup and handle pattern and gave a retest. Price made a green candle and is back to breakout levels.
Bullish signs:
Strong uptrend before this consolidation.
Recent support from 30 week EMA
Heavy volumes on buy side. Red candles are of low volumes.
Hit all time high on breakout.
One can enter entire position at break of yesterday's high.
Targets: 1500/1600/1900
Place sl below 1120
1:3 HRHRHP trade
Position size accordingly. HAPPY TRADING!
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#AFFLE(INDIA)LTD .... (NSE:AFFLE)on the chart pattern ,it is moving nicely towards its minor RESISTANCE of 1115 after taking support of 1020.
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Im waiting when price will break resistance line(1115) and will show good upward movement towards its ATH 1260 in the short term period. it might be nice SWING TRADE. Hope the chart moves nicely.
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So Im waiting breakout and pump.
This is article not financial advice, always do your own research.
best of luck