Angel One Ltd (BSE: ANGELONE) – Breakout Setup with Bullish Price Targets
The stock has broken out of a long-term descending trendline resistance on the weekly chart, signaling a potential trend reversal. The breakout is supported by strong bullish momentum and volume, indicating growing buyer interest.
💡 Technical Highlights:
Clear breakout from descending trendline.
Strong weekly candle with over 13% gain, confirming bullish sentiment.
Price has surpassed key horizontal resistance near ₹3,150–₹3,200 zone.
🎯 Targets:
First Target: ₹4,165.25 (Upside of ~34.39%)
Second Target: ₹4,897.90 (Upside of ~41.28%)
This setup offers a strong risk-reward opportunity for swing traders and position traders, provided the breakout sustains. Keep an eye on retest levels around ₹3,150 for potential entries.
📅 Chart Timeframe: Weekly
📈 Trend: Bullish
🔎 Watch Levels: ₹3,150 (support), ₹4,165 / ₹4,897 (resistance/targets)
The stock has broken out of a long-term descending trendline resistance on the weekly chart, signaling a potential trend reversal. The breakout is supported by strong bullish momentum and volume, indicating growing buyer interest.
💡 Technical Highlights:
Clear breakout from descending trendline.
Strong weekly candle with over 13% gain, confirming bullish sentiment.
Price has surpassed key horizontal resistance near ₹3,150–₹3,200 zone.
🎯 Targets:
First Target: ₹4,165.25 (Upside of ~34.39%)
Second Target: ₹4,897.90 (Upside of ~41.28%)
This setup offers a strong risk-reward opportunity for swing traders and position traders, provided the breakout sustains. Keep an eye on retest levels around ₹3,150 for potential entries.
📅 Chart Timeframe: Weekly
📈 Trend: Bullish
🔎 Watch Levels: ₹3,150 (support), ₹4,165 / ₹4,897 (resistance/targets)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.