Angel One: Finding Support Amid Market Correction
Topic Statement:
Angel One has declined along with the broad market correction but is receiving strong support at key technical levels, suggesting a potential stabilization.
Key points:
1. The price is receiving crucial support at the 50% retracement level, as it had previously.
2. The 2000 level aligns with the 50% retracement level, acting as a strong support zone.
3. The stock is currently trading below the 45-day moving average making the price oversold.
Angel One has declined along with the broad market correction but is receiving strong support at key technical levels, suggesting a potential stabilization.
Key points:
1. The price is receiving crucial support at the 50% retracement level, as it had previously.
2. The 2000 level aligns with the 50% retracement level, acting as a strong support zone.
3. The stock is currently trading below the 45-day moving average making the price oversold.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.