ANGEL ONE - AN INVESTMENT PICK
Hello TRADERS and INVESTORS,
here i am coming with a new opportunity for investment
SO talking about ANGEL ONE, it is now looking beautiful TECHNICALLY and also FUNDAMENTALLY
Technical Analysis Using Elliott Wave Principles on ANGEL ONE (Daily Time Frame)
Through ELLIOT WAVE one can understands the psychology of price movements.
There is a Principle of 5 WAVES called IMPULSE WAVES which shows up-move of the price.
CURRENT WAVE SCENARIO
The main impulse waves are decorated in black color on the given chart as 1-2-3-4-5
the stock has completed its 4th wave as correction, now it is moving to its final wave i.e. WAVE 5th which can give you the targets of all time high.
Technical View
* The stock has given breakout of a wedge chart pattern with good intensity of volume.
* ANGEL ONE is Challenging BOLLINGER BANDS along with breakout
* All the indicators such as RSI, MACD, Directional Movement Index as turning to bullish.
Fundamentally also the company is looking strong having PROFIT GROWTH of around 69% compounding in last 5 years, RETURN ON EQUITY is around 45% in last 3 years.
Trade Plan
* One can enter at Current Market Price
* Stoploss 1934
* Targets 3000-3200-3450-3800🚀
CONCLUSION -
ANGEL ONE has given a breakout and now this stock might be the buy on dip stock so keep on radar you might get an opportunity on every dip now but always keep SL in mind for any poor circumstances.
Thank you
* KARANN DINGRA💰
here i am coming with a new opportunity for investment
SO talking about ANGEL ONE, it is now looking beautiful TECHNICALLY and also FUNDAMENTALLY
Technical Analysis Using Elliott Wave Principles on ANGEL ONE (Daily Time Frame)
Through ELLIOT WAVE one can understands the psychology of price movements.
There is a Principle of 5 WAVES called IMPULSE WAVES which shows up-move of the price.
CURRENT WAVE SCENARIO
The main impulse waves are decorated in black color on the given chart as 1-2-3-4-5
the stock has completed its 4th wave as correction, now it is moving to its final wave i.e. WAVE 5th which can give you the targets of all time high.
Technical View
* The stock has given breakout of a wedge chart pattern with good intensity of volume.
* ANGEL ONE is Challenging BOLLINGER BANDS along with breakout
* All the indicators such as RSI, MACD, Directional Movement Index as turning to bullish.
Fundamentally also the company is looking strong having PROFIT GROWTH of around 69% compounding in last 5 years, RETURN ON EQUITY is around 45% in last 3 years.
Trade Plan
* One can enter at Current Market Price
* Stoploss 1934
* Targets 3000-3200-3450-3800🚀
CONCLUSION -
ANGEL ONE has given a breakout and now this stock might be the buy on dip stock so keep on radar you might get an opportunity on every dip now but always keep SL in mind for any poor circumstances.
Thank you
* KARANN DINGRA💰
Catatan
half way done at
crossed 3200 from 2350 :)
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