ANGELONE - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

📊 Technical Overview of Angel One Ltd. (ANGELONE)

📉 Trend Analysis

Current Price: ₹2,632

50 DMA: ₹2,767

200 DMA: ₹2,647

Trend Status: The stock is trending downward, trading below both key moving averages. The recent breakdown below the 200 DMA signals bearish pressure and potential continuation of weakness.

📉 Momentum Indicators

RSI (39.6): Bearish — indicates oversold territory, but not extreme. Suggests weak momentum and possible further downside.

MACD (-46.4): Strongly negative — confirms bearish crossover and trend continuation.

Volume: 7.19L vs 1-week avg of 8.79L — below average, showing low buying interest.

📊 Bollinger Bands

Price likely near the lower band, consistent with RSI and MACD weakness.

Bands are expanding, indicating increased volatility and continuation of the downtrend.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 2,767 Resistance

200 DMA 2,647 Resistance

Current Price 2,632 Below both — bearish bias

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 2,600–2,620 Immediate support zone

Support 2 2,400–2,450 Previous swing low zone

Resistance 1 2,750–2,770 50 DMA resistance

Resistance 2 2,900–2,950 Trendline resistance

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹2,400–₹2,450 (if RSI dips further and stabilizes)

Exit Zone (Short-Term): ₹2,750–₹2,770 (retest of 50 DMA), ₹2,900+ (if reversal confirms)

Stop Loss: ₹2,350 (below key support)

📌 Summary

Trend: Reversing downward

Momentum: Weak and bearish

Volume: Declining — confirms lack of bullish conviction

Setup: Not ideal for fresh entry unless price stabilizes near ₹2,400 with volume support

Would you like a scan of other financial services stocks showing stronger RSI and MACD signals for short-term trading setups?

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