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ANGEL ONE LTDANGEL ONE LTDANGEL ONE LTD

ANGEL ONE LTD

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ANGELONE trade ideas

ANGEL ONE LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:ANGELONE
by zenthosh
ANGELONETechnicals: 1) In October 2023, the stock of Angel One broke out from a consolidation range that had been forming over more than 27 months. 2) It increased by over 95% from its original price and has since retraced back to almost the same consolidation range. 3) Currently, according to Fibonacci analysis also, it is retesting the Golden ratio levels and 4) i have not done any fundamental analysis on Angel One Ltd apart from being aware of the reasons for its fall from Oct'23. Please add any points if I missed out on any vital technical aspect to enlighten myself in the process of learning
NSE:ANGELONE
by Prasad_Chenchu
Angel One - Can we identify the Bottom?Let's examine a couple of fundamental principles in technical analysis related to price action and Elliot waves. 1) One of the basic rules of Elliot waves states that wave 4 should not overlap with the territory of wave 1. 2) It is understood that when a price breaks through a resistance zone and subsequently retraces to test that level, it transforms into a support zone or demand zone. 3) According to Elliot waves, any correction typically follows an ABC pattern and concludes near specific Fibonacci levels or support levels. Observing Angel One at this point, we can observe all the aforementioned rules may come into effect. Initially, the price broke above the 2000 levels in October 2023, and after completing the 3rd wave, it has retraced to test the 2000 levels. An ABC pattern is clearly visible after the 3rd wave, with wave C having extended 78.6% of wave A, and the minor wave 5 of wave C extending to the 50-61.8% range, aligning with the general criteria of Fibonacci rules in Elliot waves By combining all the pieces mentioned above, it can be inferred that we are approaching the conclusion of wave 4, and a rally for the 5th wave may be anticipated from this point onward. It will be a excellent risk to reward play if it performs as per our analysis. These are the kind of trades where i prefer risk reward over accuracy How should we approach trading this situation? Conservative approach: It is advisable to monitor the price to ensure it does not decline further and breach the territory of wave 1. Additionally, watch out for bullish candlestick patterns such as the morning star or bullish engulfing patterns to build any positions Aggressive approach: One can consider initiating testing of the price action with an initial 10% position, with a stop-loss set below the low of the wave 1 trendline. If the price demonstrates bullish momentum, positions can be added around the 2300 and 2600 levels, targeting approximately 3800. All the relevant levels are indicated on the chart. I will provide updates on any future developments. Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
NSE:ANGELONELong
by harshit22
10
Angel One : So Close.Here is all you need to know about Angel One: - With Financial services gaining momentum, Angel One is definitely a good bet - It consolidated for good 2 years in which it trapped bulls once, only to get back in the zone - It recently gave in a breakout and sustained above the resistance zone - BUT, Today NSE barred it from onboarding any new APs for a period of 6 months which made the stock bleed red for 7% - APs are basically sub-brokers associated with a broker who brings in more clients and thus more business - With the stock market on a bull run, the funds are flowing in and the inability to onboard new APs will definitely affect its growth in a short run - Don't let the analysis end here! Give us a boost if you find it helpful - The long run will still be dictated by its strong fundamentals and growth. Below are some interesting stats: - Profit growth of 52.2% CAGR over the last 5 years - return on equity (ROE) track record: 3 Years ROE 44.1% - Sales growth (5Y) - 31% - Profit growth (5Y) - 52% What are your thoughts? Feel free to comment :) ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:ANGELONE
by TheChartereds
8
Angel One wants to fly like an Angel. Angel One Ltd. operates as a financial services company. It engages in the full-service retail broking house. The firm also offers broking and advisory services, margin funding, loans against shares, and financial products distribution. Angel One Ltd CMP is 2664.50. The positive aspects of the company are Company with Zero Promoter Pledge, Growth in Net Profit with increasing Profit Margin, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding. The Negative aspects of the company are PE higher than Industry PE, Low durability companies, Promoter holding decreased by more than -2% QoQ and Stocks with Expensive Valuations . Entry can be taken after closing above 2662. Targets in the stock will be 2700 and 2779. Long term targets will be 2927 and 3099+. Stop loss in the stock should be maintained at Closing below 2600. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:ANGELONE
by Happy_Candles_Investment