ANGELONE
Positional on AngeloneNSE:ANGELONE
We can see its almost 36% fall from recent high that was made after its good financial result for Mar 2022.
As per its historical trend we will see the reversal around 41% fall.
If we consider this then if it falls further from 36% then at 1221 price range we will see a reversal.
Also its taking support from 200 EMA.
Also as per RSI its going in cooling zone and will see bounce in near week...
For long positions:-
1) Buy on Current position (may take a little bounce)
2) Buy on 1221 (may take a little bounce)
3) Buy on 1092 (this is the strong Support from long time from here we can see the consolidation and then we can decide further)
#ANGELONE #ZERODHA #EDELWEISS #ANANDRATHI #ISEC #MOTILALOFS #IT#ANGELONE
NSE:ANGELONE
NSE:ANGELONE
CMP: 1452.50
Entry Price 1440
Target: 1900+
SL: 1170
RR Ratio > 3
Return > 45%
Time Frame < 6 months.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia