AFFLE - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

📊 Technical Overview of Affle (India) Ltd. (AFFLE)

📈 Trend Analysis

Current Price: ₹1,985

50 DMA: ₹1,867

200 DMA: ₹1,671

Trend Status: The stock is in a strong uptrend, trading above both moving averages. Price action suggests bullish continuation, though momentum is slightly cooling.

📈 Momentum Indicators

RSI (59.0): Bullish, near the upper neutral zone. Indicates positive momentum, but not yet overbought.

MACD (-5.14): Slightly negative, suggesting short-term consolidation or mild pullback within a broader uptrend.

Volume: 11L vs 1-week avg of 4.1L — significantly above average, indicating strong interest, possibly institutional.

📊 Bollinger Bands

Price likely near the upper band, consistent with bullish RSI and elevated volume.

Bands may be widening, suggesting momentum breakout potential if MACD turns positive.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 1,867 Support

200 DMA 1,671 Strong Support

Current Price 1,985 Above both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 1,940–1,960 Minor pullback zone

Support 2 1,860–1,870 50 DMA zone

Resistance 1 2,080–2,100 52-week high zone

Resistance 2 2,200–2,250 Projected breakout target

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,940–₹1,960 (on minor dips or MACD crossover)

Exit Zone (Short-Term): ₹2,080–₹2,100 (initial resistance), ₹2,200+ (if breakout sustains)

Stop Loss: ₹1,860 (below 50 DMA)

📌 Summary

Trend: Strong uptrend

Momentum: Bullish with short-term consolidation

Volume: Surging, supporting strength

Setup: Favorable for breakout traders; watch for MACD reversal to confirm next leg up

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