Angel one
On 15th October 2024, the stock saw a strong breakout, accompanied by a significant price rise and high trading volume. The key question now is whether this trend will sustain.
Positive factors:
On 11/10/ 2024, the 200 EMA has shifted to a supportive level, with all shorter EMAs (10, 20, 50, and 100) positioned above it.
The company's Q2 results were outstanding.
However, the monthly RSI is still below 60. For a more assured upward move, it would be ideal for the monthly RSI to rise above 60.
We might expect a pullback even up to 50/ 100 EMA level
Let's see how the stock performs in the coming days.
Cautionary note: Support / resistance levels may vary based on market conditions .so this is not a recommendation to buy or sell, but rather a signal to watch the stock for future trading opportunities.
It's essential to monitor the stock in the coming days to see if the price action fits your entry criteria and aligns with your strategy.
disclaimer :This is not a buy sell recommendation - only for study purpose .
Positive factors:
On 11/10/ 2024, the 200 EMA has shifted to a supportive level, with all shorter EMAs (10, 20, 50, and 100) positioned above it.
The company's Q2 results were outstanding.
However, the monthly RSI is still below 60. For a more assured upward move, it would be ideal for the monthly RSI to rise above 60.
We might expect a pullback even up to 50/ 100 EMA level
Let's see how the stock performs in the coming days.
Cautionary note: Support / resistance levels may vary based on market conditions .so this is not a recommendation to buy or sell, but rather a signal to watch the stock for future trading opportunities.
It's essential to monitor the stock in the coming days to see if the price action fits your entry criteria and aligns with your strategy.
disclaimer :This is not a buy sell recommendation - only for study purpose .
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