ANGELONE Breakout Trade Setup – Weekly Chart TargetsAngel One Ltd (BSE: ANGELONE) – Breakout Setup with Bullish Price Targets
The stock has broken out of a long-term descending trendline resistance on the weekly chart, signaling a potential trend reversal. The breakout is supported by strong bullish momentum and volume, indicating growing buyer interest.
💡 Technical Highlights:
Clear breakout from descending trendline.
Strong weekly candle with over 13% gain, confirming bullish sentiment.
Price has surpassed key horizontal resistance near ₹3,150–₹3,200 zone.
🎯 Targets:
First Target: ₹4,165.25 (Upside of ~34.39%)
Second Target: ₹4,897.90 (Upside of ~41.28%)
This setup offers a strong risk-reward opportunity for swing traders and position traders, provided the breakout sustains. Keep an eye on retest levels around ₹3,150 for potential entries.
📅 Chart Timeframe: Weekly
📈 Trend: Bullish
🔎 Watch Levels: ₹3,150 (support), ₹4,165 / ₹4,897 (resistance/targets)
