Angel One could fall till 1600-1700 levels, where there is strong support.
Looks like its facing resistance as of now.
One's looking to open position in Angel One can wait for a bit and the one's holding can add till 1600-1700 levels.
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...
4 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 - 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...
**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...
