Angelbroking
ANGELONE price action analysisANGELONE Chart analysis. It is coming near trendline support in weekly timeframe.
It is not a buy or sell, Just analysis to check where price might take support and then need to take action. It is in my Watchlist to follow and will enter when it is right time.
Note: Q3FY25 results are bit dull due to FnO regulation changes recently. Need to wait for Concall to know what's their guidance going further.
Stock Analysis: Angel One LimitedAbout Company - Angel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents of insurance companies.
Fundamentals:
Market Cap: ₹ 28,411.92 Cr.
Stock P/E: 21.15 Ind.P/E: 5.4
Book Value: ₹ 582.53 Dividend Yield: 1.1 %
ROCE: 38.74% ROE: 45.56 %
Sales Growth 3 Years: 42.31% Profit Growth 3 Years: 28.50 %
Cons:
The company is trading at 5.40 times the book value.
Provision and contingencies have increased by 123.40%.
Promoter holding has decreased from 38.21% to 35.63%.
Technicals:
Angel One has been in a down (-2.26%) 17 Dec 2024
Resistance levels: 3900,3400
Support levels: 3028,2729
#Angelone - Stock outlook !!NSE:ANGELONE
Key Points:
Trends:
Two trendlines are plotted:
Upward trendline (dotted line): Displays the earlier uptrend in the stock's graph (higher lows).
Downward trendline (descending resistance): indicates the resistance level that forms when the stock starts to drop from its recent highs.
Important Information:
Support Level at ₹2701.45: This flat black line shows an important area where the stock went back up or stayed the same before. It's a strong place where buyers are active.
Resistance Zone at ₹3367.80 – ₹3393.00: It is the highest zone. It is the targeted range as indicated on the chart. This has been an important resistance in the context of previous price actions.
Fake-Out Indication:
There is a fake-out noted just below the horizontal support line of ₹2701.45. That means that the price did fall briefly below the support but quickly reverted, and hence the bearish breakout is not valid.
Breakout.
The stock seems to be going above the downward trendline, which could mean a possible upward breakout if it continues.
Future Expectations:
Bullish Scenario (Orange Rectangle): If the breakout stays above the downward trendline, it may drive the stock up to the resistance zone of ₹3367.80–₹3393.00.
Bearish Scenario (Arrow pointing down): If the breakout does not work and the price goes back below ₹2701.45, it might show a strong trend downward toward the next support levels (for example, ₹2025.00).
Explanation:
Trend Reversal:
Stock, breaking the downward trendline above indicates that the stock is on a changing pattern, from the decline, and probably into an uptrend.
Artifactual Meaning:
The fake-out close to ₹2701.45 shows how important support zones are. It shows that buyers took charge again after a first drop in price.
Possible Risk and Benefit:
Traders could expect a bounce towards the orange area, or resistance zone, if the breakout is valid. Stop-loss levels are likely set below ₹2701.45 to risk manage.
Useful Information:
For a bull trade, Wait for confirmation of the breakout, like the daily close above the trendline. Target: ₹3300–₹3393 range. Stop Loss: ₹ 2700. For a bearish trade: It could again begin a downtrend if prices go back into ₹2701.45. Target: ₹2300 or less. Stop Loss: Above ₹2800. This chart shows a mix of price movements with false signals, trendline breaks, and important levels. It gives positive and negative scenarios based on how the stock acts around these levels.
Ps note: NOT A SEBI REGISTERE.
ANY QUERIES @thetradeforecast :)
ANGEL ONEAngel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents of insurance companies.
After a decent correction, it seems like it is reversing from a very strong support. A Wolfe Wave also seems to be visible in the frame.
ANGEL ONE Keep in mind the following details:
ANGEL ONE has confidently broken the major downtrend and is attempting to retest.
This allows us to enter at the 2400 price level for a long position.
Consider the following price targets:
1st target: 2850
2nd target: 3200
3rd target: 3850 (all-time high).
Why am I buying Angel One ?Company overview.
Angel One Ltd is a Diversified Financial Services Company with market share of 21.5%(As per previous year data). Company Offers wide range of services like Broking, Research, Advisory, Loans, and More.
Fundamentals of the company.
>>Positive Points about the Company:
*Reduced Debt.
*Consistent Profit Growth of 52.2% CAGR in the Last 5 Years.
*Good Track Record of Return on Equity (ROE): 44.1% over 3 Years.
*Healthy Dividend Payout: 36.2%.
*Improved Debtor Days from 66.7 to 45.6 days.
>>Negative points about the company.
*Promoter holding has reduced.
*High competition.
*Charges and taxes are regulated by the Government.
Future prospect
Future of Angel One seems very bright as this year it has already Launched Super App - All-in-One Solution for Investing, Trading, Mutual Funds, Insurance, and Loans. Uses AI and ML for Personalized Experience. More recently it was able to Double Monthly SIP Registrations Organically. Made Partnerships with Fintech Players for Expanded Offerings.
Technical Analysis.
Company get listed in 2020 and since July 2021 stock was consolidating in a sideways movement. Last week price has shown a good weekly closing and restates its Resistance level.
Now we can follow two investing strategies:
1. If the price goes above that level, we can make some position.
2. If the price falls down from that level, that would be a great time to aggregate.
*Instead of putting all money at one go, start with a partial investment, monitor stock performance, then decide on further steps.
#AngelOne #NSE #Investing
ANGEL ONE - Trend Analysis - Swing TradingANGEL ONE - Trend Analysis - Swing Trading
1. Forming Inverted head and shoulder patterns in the weekly timeframe.
2. First target will be 1450, it may hit in a week span... This should be a very quick swing trading... more than 10% return in a week...
3. If it crosses 1450 then it will complete the inverted head and shoulder patterns, the target will be 1800 to 1820... It may take several weeks.
4. If it crosses the all-time high of 2020 then the target will be more than 2500+.... this may take several months and there should be a lot of retracements.
5. All provided the Nifty smallcap will be on a positive trend...
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
ANGEL ONE FOCUS FOR SWINGMakkale we got an oppurtunity for swing in Angel One. Kindly try to buy at lower levels for margin of safety. As i always say whatever we do must follow risk rewrad and money management and also keep in mind that market is in bearish mode. So adapt accordingly. CHEERS!!
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Angel One- Nearing BreakoutAngel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents if insurance companies. [
Angel Broking Breakout RetestAngel Broking has retested its breakout and one can go long in this counter by keeping a stop loss at Rs.1590 as it still trades at All time high. I do not expect bumper returns from this level as initial breakout gave plenty, but a good consolidation at these levels can mean that the stock can still do well in the coming months.
Angel Broking cup and handletarget T1- 10%
Target T2 -20%
Sl- below last swing low .
R:R - 1:1 , 1:2
Use ur own analysis.
Angel Broking - Inverse Head & Shoulder Pattern Inverse HEAD & SHOULDER pattern formed on this script..Wait and watch for the breakout on the up-side.
ANGELBRKG: 3 MONTHS BASE BREAKOUTNSE:ANGELBRKG
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
Buy Agnelbroking_Flag and Pole patternBuy Angelbroking at CMP. Target 25-30% upmovement. CDSL and BSE has started its upmove again from today. Angelbroking is my best bet considering its fundamentals and technical levels compared to its peers.
H&S Pattern breakoutAngel broking had witness breakout of H&S breakout today as per line chart technical parameters looking good ......