Angel One’s Rathi: Bullish Breakouts for KFintech, Affle

Technical analyst Hitesh Rathi of Angel One has identified KFintech and Affle as two stocks exhibiting strong bullish technical setups, indicating significant potential for upside. This analysis comes as the broader domestic equity market concluded Friday with minimal movement, though midcap and smallcap segments saw gains.

Market Snapshot

• The BSE Sensex edged up by 3.11 points to 77,540.83.
• The NSE Nifty 50 gained 20 points, or 0.08 percent, to settle at 24,252.00.
• The Nifty Midcap 100 index increased by 0.10 percent.
• The Nifty Smallcap 100 index rose by 0.69 percent.

Within this mixed market context, both KFintech and Affle are highlighted for displaying encouraging bullish formations across various technical charts, including Renko and Point & Figure.

KFintech Technicals and Trade

KFintech is currently showing a bullish technical setup, having broken out from its 930–920 range. The stock triggered a multi-brick breakout on its Daily 1 percent Renko chart, supported by a bullish one-back formation.

• Buy around ₹980–976.
• Stop loss at ₹921.
• Target price of ₹1,090–1,100.

Positive bias is also evident on the 0.25 into 3 and 1 percent into 3 Point & Figure charts, where KFintech generated a follow-through buy after a bear trap and a double-top buy signal.

Affle Technicals and Trade

Affle is demonstrating a strengthening bullish structure across its technical charts, forming a Bullish Strike-Back pattern on its 3 percent Daily Renko chart. This was followed by a Bullish W-Pattern breakout, reinforcing its positive setup.

• Buy around ₹1,710–1,700.
• Stop loss at ₹1,575.
• Target price of ₹1,990–2,000.

The invalidation of a previous Bearish Swing Engulfing pattern on the Daily 1 percent chart suggests a shift from sellers to buyers, confirmed by a Follow-Through Swing Breakout, further supported by the 1 percent into 3 Point & Figure chart.