Affle (India) Limited (AFFLE) Stock - Complete Technical Analysis - Nov 29, 2024

AFFLE Stock Technical Analysis: Support, Resistance & Momentum Explained

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Affle (India) Limiteds technical indicators highlight a stock in a consolidation phase with a bullish undertone. The current price of 1619 shows resilience, supported by a strong rebound from its 52-week low. RSI points to a balanced momentum, while MACD and Awesome Oscillator suggest bullish sentiment. However, the ADX indicates a lack of strong trend, signaling that significant moves may require a catalyst, such as increased trading volumes or news developments.

The alignment of exponential and simple moving averages reinforces the trend strength, with the stock trading above key EMAs and SMAs. Classic and Fibonacci pivot points suggest that 1655 and 1773 are critical resistance levels. Breaching these could confirm further bullish momentum, while support around 1540 provides a cushion for downside risks.

Short-term traders can watch for price surges as the stock approaches resistance, while medium-term investors may capitalize on dips near the 50-day SMA at 1561. The lack of a dividend yield and low ROCE and ROE may limit fundamental enthusiasm, but technical strength provides opportunities for tactical trades.