ANGELONE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.0

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹2,562) is above both 50 DMA (₹2,417) and 200 DMA (₹2,525), indicating bullish alignment
• RSI (60.6): Bullish momentum, nearing overbought zone
• MACD (61.1): Strong positive crossover, confirming upward momentum
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Above average (10.6L vs 6.8L), showing strong market interest
• Support Zones: ₹2,500, ₹2,420
• Resistance Zones: ₹2,620, ₹2,700
• Entry Zone: ₹2,500–₹2,540 (near support)
• Exit Zone: ₹2,620–₹2,700 (near resistance)

Positive

• Price above both key moving averages confirms bullish trend
• MACD and RSI support continued upward momentum
• Strong ROCE (26.3%) and ROE (28.3%) reflect operational efficiency
• EPS of ₹94.2 and dividend yield of 1.90% indicate solid fundamentals

Limitation

• RSI nearing overbought zone may limit short-term upside
• High debt-to-equity ratio (0.76) adds financial leverage risk
• PEG ratio of 1.07 suggests moderate valuation pressure

Company Negative News

• Quarterly profit declined from ₹236 Cr to ₹134 Cr (-46.0%)
• FII and DII holdings dropped by 1.55% and 1.56% respectively

Company Positive News

• Stock has gained 39.8% from its 52-week low
• Strong earnings profile with consistent dividend payout

Industry

• Financial services sector remains robust with rising retail participation and digital adoption
• Industry P/E of 18.0 suggests ANGELONE trades at a premium

Conclusion

• ANGELONE is in a bullish trend with strong technical indicators
• Entry near ₹2,500–₹2,540 offers a tactical opportunity
• Exit near ₹2,620–₹2,700 is ideal for short-term gains
• Investors should monitor RSI and MACD for signs of trend continuation or exhaustion