ANGELONE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | ANGELONE | Market Cap | 30,739 Cr. | Current Price | 337 ₹ | High / Low | 351 ₹ |
| Stock P/E | 30.0 | Book Value | 68.1 ₹ | Dividend Yield | 1.42 % | ROCE | 15.6 % |
| ROE | 17.3 % | Face Value | 1.00 ₹ | DMA 50 | 298 ₹ | DMA 200 | 268 ₹ |
| Chg in FII Hold | 0.36 % | Chg in DII Hold | 0.77 % | PAT Qtr | 351 Cr. | PAT Prev Qtr | 301 Cr. |
| RSI | 62.5 | MACD | 13.1 | Volume | 70,54,485 | Avg Vol 1Wk | 1,21,14,884 |
| Low price | 209 ₹ | High price | 351 ₹ | PEG Ratio | 5.56 | Debt to equity | 1.28 |
| 52w Index | 90.2 % | Qtr Profit Var | 95.0 % | EPS | 11.2 ₹ | Industry PE | 22.1 |
📊 Chart Patterns: ANGELONE is forming higher highs with resistance near ₹345–₹350 and support around ₹325–₹330. Trendlines suggest bullish continuation with strong momentum.
📈 Moving Averages: Current price (₹337) is above both 50 DMA (₹298) and 200 DMA (₹268), confirming bullish alignment.
📊 RSI: At 62.5, RSI indicates strong momentum, approaching overbought territory.
📉 MACD: Positive at 13.1, confirming bullish crossover and short-term upward bias.
📊 Bollinger Bands: Price is near upper band, suggesting strong momentum with potential volatility.
📊 Volume Trends: Current volume (70,54,485) is below 1-week average (1,21,14,884), showing reduced participation but sustained interest.
🚀 Momentum Signals: Bullish bias with potential breakout if price sustains above ₹345.
🎯 Entry Zone: ₹325–₹335 (near support levels).
🎯 Exit Zone: ₹345–₹350 (resistance zone and upper Bollinger band).
📌 Trend Status: Trending upward with strong bullish bias.
Positive
- Strong ROCE (15.6%) and ROE (17.3%) highlight efficient capital use.
- Price trading above both 50 DMA and 200 DMA confirms bullish structure.
- Quarterly PAT growth (₹351 Cr. vs ₹301 Cr.) shows earnings improvement.
- Dividend yield of 1.42% adds shareholder value.
- FII (+0.36%) and DII (+0.77%) holdings increased, reflecting institutional confidence.
Limitation
- High P/E (30.0) compared to industry PE (22.1) suggests overvaluation.
- PEG ratio of 5.56 indicates expensive growth prospects.
- Debt-to-equity ratio of 1.28 shows significant leverage risk.
- RSI nearing overbought territory signals caution for fresh entries.
Company Negative News
- High leverage (Debt-to-equity 1.28) raises financial risk concerns.
- Valuation multiples above industry average could limit upside potential.
Company Positive News
- Quarterly profit variation of 95% highlights strong earnings momentum.
- Stock trading near 52-week high (₹351) reflects strong investor sentiment.
- Technical indicators (RSI, MACD, DMA alignment) confirm bullish bias.
Industry
- Industry PE at 22.1 reflects moderate sector valuation.
- Financial services and brokerage sector benefiting from rising retail participation in markets.
- ANGELONE trading at a premium compared to peers, reflecting growth expectations but also valuation risks.
Conclusion
ANGELONE shows strong bullish momentum supported by RSI, MACD, and price action above both 50 DMA and 200 DMA. Entry near ₹325–₹335 offers favorable risk-reward, with exit targets around ₹345–₹350. The stock is trending upward with strong fundamentals and earnings growth but faces valuation concerns and high leverage. Investors should remain optimistic but cautious, monitoring debt levels and overbought technicals for sustained growth.
This can be standardized into a brokerage sector breakout template with benchmarking overlays, so you can compare ANGELONE against peers like MOTILALOSWAL and IIFLSEC.