Angel One - good fundamentals and technicals

2024年12月8日

Weekly Chart

• Rounding base and Cup and Handle formation followed by Neckline Breakout
  
• Recently Highest ever volume spikes seen and average volumes increasing
  
• Fundamentals are descent, business with approx. 45% OPM
  
• Recently Angel One received mutual fund licence
  
• Stock outperforming NIFTY based on Comparative RS
  
• MACD, RSI and ADX supporting bullish bias
  

Trade Execution

• Buy above CMP 3292-3150 range
  
• Stop Loss below breakout candle low - 2838 on weekly basis
  
• Target 1 - 3791 ATH
  
• Target 2 - Cup & Handel Pattern Target 4500
  
• Trail with EMA 20 or SuperTrend 10,3 on daily chart