Affle (India) Ltd – Technical View
(SEBI Reg. INH000019886 | Educational Purpose Only)
🔹 Price Action:
The stock has witnessed a sharp correction from higher levels and recently formed a base near ₹1,250–₹1,280.
Current price action shows a strong pullback with bullish candles, indicating short-term recovery momentum.
🔹 Indicators:
Price is reclaiming the 20-EMA (~₹1,420), a key sign of trend reversal.
RSI near 56–58 moving upward, suggesting improving strength.
Bollinger Bands show a bounce from lower band with expansion → volatility + momentum rising.
Volume spike during recent up move supports buying interest.
🔹 Key Levels:
🔼 Upside: ₹1,480 → ₹1,550 → ₹1,650
🔽 Support: ₹1,380 / ₹1,250
A sustained move above ₹1,480 can extend the rally toward ₹1,550–₹1,650 zone.
Holding above ₹1,380 keeps the recovery intact.
💡 Bias: Short-term bullish reversal; continuation depends on resistance breakout.
⚠️ Disclaimer: Educational purpose only. Not a buy/sell recommendation.