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ANGEL ONE LTDANGEL ONE LTDANGEL ONE LTD

ANGEL ONE LTD

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ANGELONE trade ideas

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
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 📊💹
NSE:ANGELONELong
by ruelfernandes
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.
NSE:ANGELONELong
by ruelfernandes