Angelonelong
Angelone - Played out to the T, now correcting.This one played out very nicely. Actually to the T since my last update on 2nd January, 2024.
Turned up in a very impulsive manner (as a wave 3 does) with very shallow pullbacks, hardly giving any chance to ride the train.
For now Wave 3 seems to be complete and wave 4 correction is in progress.
You know what's next if you understand Elliott Wave Principle.
Will update later as the price develops.
Thanks for reading!
Beautifully played out4 months since I first shared my Elliott wave count on Angel One.
The price has since moved beautifully in an impulsive manner clearly suggesting the presence of wave 3.
In my opinion, blue wave (iii) is still in progress but may end soon (350 points more maybe) and the price may go sideways to consolidate in wave four.
Thanks for reading!
ANGELONE - Stock Analysis**ANGELONE - A Lucrative Opportunity Unveiled**
📈 **Market Insight:**
In the recent sessions, AngelOne has been on a remarkable ascent, witnessing a surge in both price and volume. Notably, it has achieved a new one-year high and is actively trading with substantial volume, signaling robust market interest. The Bollinger Bands have experienced a positive breakout, affirming a bullish momentum. Supported by a very strong uptrend, as indicated by the ADX, AngelOne presents a compelling case for potential gains.
🕯️ **Candlestick Patterns:**
A bullish gap-up candlestick pattern at a notably high level further accentuates the momentum, and the bullish continuation Heikin Ashi pattern adds another layer of confirmation.
📊 **Trade Recommendation:**
To capitalize on this promising scenario, consider going long above ₹3035.10. For risk management, a strategically placed stop loss below ₹2498.40 ensures a prudent approach.
💼 **Why Now?**
This isn't just a trade; it's an invitation to participate in a strong uptrend with a stock that has not only reached new heights but is backed by solid volume and technical indicators. Seize the opportunity with AngelOne and ride the wave of potential profits! 🚀💰
📈📉 #StockMarket #TradingOpportunity #AngelOne #BullishTrend #FinancialMarkets #ProfitPotential 📊💹
ANGELONE - Stock Analysis**Technical Analysis:**
Angel One Ltd exhibits several strong technical signals that suggest a bullish trend. The price volume has shown a "Strong Bullish" indication, with the stock's price trending nicely while accompanied by rising trading volumes. HighLow is also "Strong Bullish," as the company has recently reached a one-year high and is trading with substantial volume support. The One Day signal is "Strong Bullish" as well, indicating a recent strong price rise supported by healthy trading volume.
Additionally, various technical indicators are sending positive signals. The Keltner Band, MACD, Donchian Band, MA Envelope Band, HighLow Band, MA Channel Band, and BOLLINGER all show "Strong Bullish" signals, with positive breakouts and consistent trends. The Awesome Oscillator is "Bullish" after a recent bullish reversal, and the Aroon Indicator indicates a "Strong Bullish" trend with bulls in control. The ADX confirms a "Strong Bullish" signal, suggesting a very strong uptrend.
However, it's important to note that the Slow StoChastic, despite being in the overbought level, is weakening, indicating a "Bearish" signal. Meanwhile, the Rsi Smooth, though in a textbook overbought level, shows a "Bullish" signal due to a strong uptrend.
**Candlestick / Heikin Ashi Patterns:**
The daily and weekly candlestick patterns are both "Bullish," indicating a continuation of the bullish trend. However, the monthly candlestick pattern shows a "Neutral" signal, with a "Three Outside Up" formation accompanied by weak volume. This may not be a very strong signal, so it's worth considering the time frame.
**Fundamental Metrics:**
Angel One Ltd presents impressive fundamental metrics. There has been a tremendous increase in book value over the last three years, and it boasts a Piotroski F Score of 7.0, signifying good value. The company has achieved significant growth in net profit over the same period and has consistently demonstrated an incredible return on equity (ROE).
Quarter-over-quarter (QoQ) EPS growth is excellent, and over the past twelve months, the company has shown a strong Return On Equity of 47.63% and a Net Margin of 30.01%. Furthermore, all key trailing twelve months margins have been growing by 15%, and the company's net profit and profit before tax are increasing steadily for the last five quarters. EBITDA has been continuously on the rise for the past three years, and there's a steady growth in EPS over the last four quarters. The Return On Capital Employed (ROCE) stands at a commendable 21.16%.
**Sales and Debt:**
The company has witnessed a tremendous increasing trend in total sales over the past three years, with quarterly sales trending upwards for the last five years. Moreover, there has been a steady increase in total assets over the past three years. The company's efforts to pay off more than 50% of its debt demonstrate its commitment to becoming debt-free. The debt-to-equity ratio has decreased and is now at its lowest level in the past three years, reflecting a sound financial position.
Based on the analysis, the recommendation for potential investors is to "Go Long" on Angel One Ltd above the 2850 mark, with a suggested stop loss set at 2454. However, always exercise caution and consider other market conditions and your personal financial goals before making any investment decisions.
