AFFLE

Support Holds, Reversal Unfolds

is showing early bullish reversal signs after a sharp downtrend, as the price has taken support near the ₹1,250–1,280 zone and is now bouncing back with improving momentum. The formation suggests a potential double-bottom type structure, indicating demand emerging at lower levels. RSI is recovering from neutral levels, while MACD is hinting at a possible bullish crossover, supporting the case for a short-term trend shift. Although the stock is still below its key resistance zone (~₹1,730–1,750), the current price action indicates base formation and accumulation, and a sustained move above nearby resistance could confirm a strong bullish reversal ahead.