Angel One Ltd (BSE: ANGELONE) – Breakout Setup with Bullish Price Targets
The stock has broken out of a long-term descending trendline resistance on the weekly chart, signaling a potential trend reversal. The breakout is supported by strong bullish momentum and volume, indicating growing buyer interest.
💡 Technical Highlights:
Clear breakout from descending trendline.
Strong weekly candle with over 13% gain, confirming bullish sentiment.
Price has surpassed key horizontal resistance near ₹3,150–₹3,200 zone.
🎯 Targets:
First Target: ₹4,165.25 (Upside of ~34.39%)
Second Target: ₹4,897.90 (Upside of ~41.28%)
This setup offers a strong risk-reward opportunity for swing traders and position traders, provided the breakout sustains. Keep an eye on retest levels around ₹3,150 for potential entries.
📅 Chart Timeframe: Weekly
📈 Trend: Bullish
🔎 Watch Levels: ₹3,150 (support), ₹4,165 / ₹4,897 (resistance/targets)
The stock has broken out of a long-term descending trendline resistance on the weekly chart, signaling a potential trend reversal. The breakout is supported by strong bullish momentum and volume, indicating growing buyer interest.
💡 Technical Highlights:
Clear breakout from descending trendline.
Strong weekly candle with over 13% gain, confirming bullish sentiment.
Price has surpassed key horizontal resistance near ₹3,150–₹3,200 zone.
🎯 Targets:
First Target: ₹4,165.25 (Upside of ~34.39%)
Second Target: ₹4,897.90 (Upside of ~41.28%)
This setup offers a strong risk-reward opportunity for swing traders and position traders, provided the breakout sustains. Keep an eye on retest levels around ₹3,150 for potential entries.
📅 Chart Timeframe: Weekly
📈 Trend: Bullish
🔎 Watch Levels: ₹3,150 (support), ₹4,165 / ₹4,897 (resistance/targets)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.