Positional on AngeloneNSE:ANGELONE
We can see its almost 36% fall from recent high that was made after its good financial result for Mar 2022.
As per its historical trend we will see the reversal around 41% fall.
If we consider this then if it falls further from 36% then at 1221 price range we will see a reversal.
Also its taking support from 200 EMA.
Also as per RSI its going in cooling zone and will see bounce in near week...
For long positions:-
1) Buy on Current position (may take a little bounce)
2) Buy on 1221 (may take a little bounce)
3) Buy on 1092 (this is the strong Support from long time from here we can see the consolidation and then we can decide further)
