ANGELONE

Aug 14

• The stock has witnessed almost a 50% drawdown from its all time high, similar to its past major correction.
  
• The Weekly RSI has also come its Oversold level.
  
• Price is consolidating near its Key support level around 2000.
  
• A breakout above the down-sloping trendline resistance would confirm strength in the stock.
  
• However, break of 2000 would keep on-going downtrend intact.