Angel One: Finding Support Amid Market Correction
Topic Statement:
Angel One has declined along with the broad market correction but is receiving strong support at key technical levels, suggesting a potential stabilization.
Key points:
1. The price is receiving crucial support at the 50% retracement level, as it had previously.
2. The 2000 level aligns with the 50% retracement level, acting as a strong support zone.
3. The stock is currently trading below the 45-day moving average making the price oversold.
Angel One has declined along with the broad market correction but is receiving strong support at key technical levels, suggesting a potential stabilization.
Key points:
1. The price is receiving crucial support at the 50% retracement level, as it had previously.
2. The 2000 level aligns with the 50% retracement level, acting as a strong support zone.
3. The stock is currently trading below the 45-day moving average making the price oversold.
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.