📈 AFFLE India – Fibonacci Structure Suggests 2,875 Possible?

📊 Weekly Chart Analysis Affle has reclaimed key levels and is now respecting its upward channel, with clear higher lows and higher highs. 🔁 Fibonacci Retracement & Extension From the swing high of ₹2,253.30 to swing low of ₹1,245.90: ✅ Price has reclaimed the 0.618 retracement level (~₹1,868). Current resistance lies near 0.786 level (~₹2,037). 🧮 Fibonacci Extension Targets If the structure holds: 1.0 extension → ₹2,253 1.618 extension → ₹2,875 🚀 📌 Key Technical Observations 20-week EMA is acting as support Price bounced cleanly from higher low (point 2), maintaining bullish geometry Recent weekly close above ₹1,950 boosts confidence 🧠 Learning Insight The Fibonacci tool isn’t just for retracements — extensions give realistic upside targets if trend resumes. When combined with strong structure, they offer probabilistic edge. 🔍 Watch for a breakout above ₹2,040 for momentum continuation.