roulabhishek30

Affle India for long term

Long
roulabhishek30 Updated   
NSE:AFFLE   AFFLE (INDIA) LTD
A fundamentally strong company with good results and recent acquisitions.

The current price is near 200 moving average and is on support.
This could be a good bet for a reversal but be cautious as per risk appetite.
Note - It is in ASM and was in a downtrend for a couple of sessions. But this could be a good bet for the long term. Add on dips for target 5350/8000/10000 +
Comment:
Levels at strong support... even though after a huge negative dip in Nifty closing.
Stock maintained its support level. Personally, I've added more to my portfolio.
Comment:
Stock split 1:5
after split trading at 1226 (6130 before split)
Let's see whether it breaks its all-time high resistance
Comment:
Affle reached high at 1500 post-split (7500 before split), sorry for updating this late
Personally booked profits at 1450
Now it's likely forming a rising wedge pattern which can give a breakdown
so gonna stay away from IT stocks for a while
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.