AFFLE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of Affle (India) Ltd. (AFFLE)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading near its 52-week high of ₹2,162. Price action shows bullish continuation with higher highs and higher lows.

Price Action: Trading at ₹2,109, well above both the 50-DMA (₹1,959) and 200-DMA (₹1,761), confirming sustained bullish momentum across short and long-term timeframes.

📈 Momentum Indicators

RSI (63.3): Bullish zone, approaching overbought territory. Indicates strong buying interest but caution is warranted above 70.

MACD (45.1): Strong positive crossover, confirming bullish momentum and trend continuation.

Volume: Current volume (2.02L) is significantly below the 1-week average (3.91L), suggesting momentum is intact but participation is cooling, possibly due to proximity to resistance.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹2,150 with volume would confirm further upside.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 1,960 – 2,000 Near 50-DMA and recent pullback zone

Resistance 2,150 – 2,162 52-week high and psychological barrier

Breakout Zone 2,180+ Above this, next target is ₹2,300 – ₹2,400

🎯 Entry & Exit Strategy

Optimal Entry: ₹1,980 – ₹2,020 (on dips with bullish confirmation)

Exit Zone: ₹2,150 – ₹2,180 (partial profit booking); ₹2,300+ (final resistance)

Stop Loss: ₹1,940 (below 50-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Weakening, but trend remains intact

Outlook: Positive; watch for breakout above ₹2,150 with volume for next leg up

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