Affle India Limited

• 12 August, 2024 Ruchit Thakur

Affle India Limited

Affle India Limited has reached an all-time high and is still growing suggests that the business is a wise long-term investment.

I just discovered an amazing investing opportunity. Please read and understand the monthly chart provided by Affle India Limited. Affle India Limited looks to be a smart investment choice in the 1330–1350 zone based on the chart. It has shown excellent performance thus far and has a lot of room for growth.

Please see Affle India Limited's monthly chart. The stock has surpassed and broken out of the 1330–1350 zone, indicating a breakout from horizontal resistance. According to the data, there is a lot of demand for Affle India Limited right now at 1570. The figure below shows the estimated growth target, which is between 1950 and 2000.

• An excellent long-term investment opportunity, Affle India Limited has been expanding and is expected to make significant progress between 1330 and 1350.
• Based on the chart, it looks that Affle India Limited is in an excellent position with room to grow to 1950 and 2000.
• Because the risk-reward ratio is ideal for cash transactions, the best range at this time to purchase this stock is currently between 1330 and 1350.
• As per the chart, ascending triangular formation with a target price range of 1950 to 2000 appears to have been broken out by the stock.

For reference, kindly refer to the Affle India Limited monthly chart. Demand in the 1330–1350 price range, a breakout, and horizontal resistance are all visible on the monthly chart. Strong demand drives up the stock in that range.

The fact that the stock almost reached a new all-time high today indicates that the current price is an excellent buying opportunity. Please take note of the point of rupture and the horizontal resistance. As of right now, the stock has continued to rise on the chart, hitting its goals in the 1950–2000 range.

The rising triangle worked well for Affle India Limited; the pattern's most recent goals are in the 1950–2000 range. One chart pattern utilized in technical analysis is the rising triangle. At the swing high and low, price variations produce a horizontal line and a rising trend line, respectively. A triangle is formed by the two lines.

Because the stock is in high demand, investors may search for a long-term purchasing opportunity in the 1330–1350 range and take advantage of any falls that occur. This might lead to a significant return to the 1950 and 2000 levels, demonstrating a robust risk-reward ratio. This stock has a significant upside potential, therefore take advantage of every slump as an opportunity to invest. Invest in this company's shares with every downturn.

With a stop loss of 1060, investors may utilize capital to purchase the shares gradually, targeting levels between 1950 and 2000.

As a trader or investor, I often look for a Volatility Contraction Pattern (VCP), which is a situation in which there is a decrease in price volatility before a significant gain, in order to allow the stock or instrument to attain high volume and upside with a quick increase and target hit. Please download the FxCareers app from the Google Play store to learn more about VCP patterns. We also show how to locate these kinds of extremely accurate patterns.

The monthly chart of Affle India Limited displays both resistance and support. The levels are shown on the spot chart. 
 

Company Profile: Global technology business Affle has a unique consumer intelligence platform that turns advertisements into suggestions, assisting marketers in efficiently locating, interacting with, acquiring, and closing deals with both current and potential customers. After a successful IPO on August 8, 2019, Affle India is currently trading on the Indian stock exchanges (BSE: 542752 & NSE: AFFLE).

Affle (India) Limited is a multinational technology enterprise. Through pertinent mobile advertising, the company's consumer intelligence platform facilitates consumer engagement, acquisitions, and transactions. The Consumer Platform and the Enterprise Platform are two of its segments.
 

Disclaimer: This expression is commonly used to convey that the content or material being seen is solely for educational reasons and should not be utilized for anything else. This example is just for educational purposes and should not be used commercially.