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.
ANGELONE
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).
Angleone is destined to stage a comeback!Technical Analysis (Weekly Timeframe)
● The stock had previously consolidated and established a Rounding Bottom pattern.
● Following the breakout, the price surged, hitting an impressive all-time high of 3,880.
● However, it then began to decline, ultimately dropping to the support level around 2,000.
● A robust rebound from this support, accompanied by significant volume, indicates that the stock is poised for another upward movement.
● The potential targets to watch for are:
➖ 1st Target - 3,400 level
➖ 2nd Target - 3,880 level.
Technical Analysis (Daily Timeframe)
● The daily chart reveals that following the breakout from the Falling Wedge pattern, the price is currently in a consolidation phase, poised for a significant upward movement.
● The trading volume has surged notably in recent days, signalling that big market participants are showing keen interest.
Technical Indicators (Daily Timeframe)
RSI
● Current RSI of this stock is 61.37, which indicates the strength of buyers.
MACD
● MACD line has crossed over the signal line from the below, indicates a robust bullish momentum is in play.
ADX & DI
● ADX value surpassing 20 with +DI positioned above the -DI, indicates the strength of the trend.
ANGLEONE LTD - Expecting strong bounce back!Price analysis & Overview:
1. Price has taken support from an important fib level.
2. Voumes are good.
3. Earnings are super.
4. RRR is attractive
5. Overall sentiment is weak so, the trade can be risky but since RRR is good it is worth the risk.
6. reversal pattern in DTF.
Trade Plan:
1. Entry: 2310 Closing basis
2. SL: 10-12%
3. TP - 1:2,1:3,1:4,1:5
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Angel One-An investment stock available at discounted price!Angel One is one of the oldest stock broking companies and 3rd largest by volume of active subscribers.
Stock has corrected almost 50% from its high and is now available at an amazing valuation.
Stock has potential to test ATH in coming months and also cross it.
Keep in radar. Not a recommendation.
ANGELONE | Swing Trade📊 DETAILS
Sector: Finance - Stock Broking
Mkt Cap: 26,641 cr
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.
TTM PE : 25.33 (High PE)
Sector PE : 32.29
Beta : 0.93
📚 INSIGHTS
MC Insights PRO
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
21.84% away from 52 week high
Outperformer - Angel One up by 11.94% v/s NIFTY 50 up by 0.25% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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ANGEL ONE ! You are the ONE !!!- Company has reduced debt.
- Company has delivered good profit growth of 52.2%
CAGR over last 5 years
- Company has a good return on equity (ROE) track
record: 3 Years ROE 44.1%
- Company has been maintaining a healthy dividend
payout of 36.2%
- Debtor days have improved from 66.7 to 45.6 days.
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 Ltd. : H&S Pattern Formation of the Head & Shoulder Pattern is clearly seen on the Chart. The Entry level , Targets and Stop Loss are mentioned on the chart.
Company's Fundamentals PE is only 12.15 against industry PE ratio of 21.14 with PB ratio of 4.95 only.
ROCE of 47.3 % one of the highest in the Industry.
Quarterly Revenue rose 23% YoY to Rs 831.1 Crores where as Its sector's average revenue growth YoY for the quarter was 15.7%.
Debt to Equity Ratio of 0.8 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
Interest Coverage Ratio is 12.9, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
This analysis is only for education purpose and contains no tip to buy or sell any stock.
Good Luck !!!
ANGELONEANGELONE:- Wait for breakout, if breakout occurs and sustains then we can see upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.