angelone looking good to move upside closing good

Current price: around ₹297 as of 11 September 2026. The stock is well below its 52-week high of about ₹360 and above its 52-week low of about ₹209. 1. Company Angel One Limited is a technology-led financial-services platform with businesses including broking, depository services, client funding and distribution of financial products. The important growth story is still client acquisition + funding book + expansion beyond pure broking. 2. Fundamentals Parameter Current Market Cap ~₹27,366 Cr P/E ~26.5x P/B ~4.5x ROE ~15% ROCE ~12% Debt/Equity ~1.3x EPS ~₹11.3 Positive Client base is growing strongly. August 2026 client base reached 39.56 million, up 17.8% YoY. The average client funding book increased 40.2% YoY to ₹7,421 crore. The company also recorded 7.21 lakh unique MF SIP registrations in August, up 15.9% MoM. Concern The latest quarter showed sequential pressure: Revenue: ₹1,429.7 Cr, +25.35% YoY but -2.04% QoQ Operating profit: ₹485.4 Cr, +77.1% YoY but -19.3% QoQ PBT: ₹324.7 Cr, +97.5% YoY but -26.2% QoQ Also, August overall ADTO declined 9.7% YoY, while F&O ADTO declined 13.8% YoY. So fundamentally: good long-term franchise, but earnings remain sensitive to trading activity and regulatory changes. 3. Technical View At around ₹297, the stock is sitting in an important zone. Recent price action: 1 Sep: ₹281.55 2 Sep: ₹279.25 3 Sep: ₹286 4 Sep: ₹299.80 8 Sep: ₹298 9 Sep: ₹299.05 The stock made a strong move toward ₹308–310 after the positive August business update, but has subsequently consolidated around ₹297–300. Important levels Support: ₹290–292 Major support: ₹280–282 Resistance: ₹303–308 Major resistance: ₹320–325 My technical view Above ₹308–310 with sustained volume → bullish breakout possibility. Then the next zones can be: ₹320 → ₹330 → ₹345 But: Below ₹290 → weakness can increase, with ₹280–282 becoming the next important support.