Angel One: Breakout Retest Holds at Support

broke out of a multi-year triangle structure in April 2026, rallying to a high near 360 before undergoing a throwback correction. That pullback has been well-contained at the breakout zone, the former upper trendline resistance near 350, which has now flipped into a support zone — a retest pattern often seen after a structural breakout. Price is turning back up from this zone, with RSI in the mid-range around 50-55, leaving room for momentum to build either way. Resistance: 350, then the 394 zone marked by the prior swing high. Support: 280 , then 257 as a deeper cushion if the retest zone gives way. Holding above 280 on a closing basis keeps the breakout structure intact and leaves the door open for a fresh push toward 360 and beyond. A slip back below this zone would pull the stock back into its broader multi-year range and weaken the breakout read. How price behaves around the 300 zone over the coming sessions will be the key tell for whether the breakout retest is holding as intended. A breakout is only as strong as its first retest — when former resistance holds as support on a pullback, it adds credibility to the structural move. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.