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DEEPAK PAL

13th Apr · SEBI-Registered Analyst

"ANGELONE ₹281 discount broking beast! 18M clients + Q4 PAT rocket = ₹310 target! Zero brokerage empire!"

Detailed Technical Analysis ANGELONE daily chart recent 4-day rally ₹270 से current ₹280.99 (-0.19% to ₹280.45) तक shows strong momentum continuation despite mild profit booking, price holding decisively above 20-SMA ₹275.50, 50-SMA ₹265 with bullish higher low pattern formation at volume shelf ₹275-278. MACD bullish crossover confirmed (-101.95 CCI outperform signal), RSI 58.20 neutral territory building >65 momentum poised, Stochastic outperforming with MFI 28.18 room left, volume 6.93M shares (2x average) confirming genuine broking sector rotation amid retail F&O frenzy. Critical support cluster ₹275-278 (recent swing lows + VWAP base + high volume accumulation + 50-SMA confluence), resistance ₹285-290 (prior resistance + Classic Pivot R1 ₹284.50 + 61.8% Fib), channel extension target ₹300-310.

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|News Events & Impact Q4FY26 board meeting 16-Apr-2026 + earnings call 17-Apr generating strong pre-event positioning; recent 1:10 stock split adjustment caused apparent 90% crash illusion but fundamentals intact. Q3 PAT growth +26.94% QoQ reaffirms execution amid broking wars. 90% intraday surge post-regulatory clarity signals renewed institutional conviction.
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Micro & Macro Events Micro: Q4 results 16-Apr (consensus revenue ₹1,200 Cr +15% YoY, PAT ₹310-355 Cr, client additions 2M+ expected), ESOP approvals, analyst meets। Macro: SEBI true-to-label algo norms compliance advantage, retail demat accounts 15 Cr milestone, F&O volumes ₹500 lakh Cr daily peak, RBI rate cuts margin pressure offset by trading surge। Risks: Regulatory F&O curbs.
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Global Cues & Impact US Fed rate pause indirectly pressures interest income (20% revenue) but boosts retail risk appetite/F&O volumes (primary driver). Geopolitical wars minimal impact given 100% domestic focus + digital model resilience; potential volatility tailwind for options trading. Overall positive on India retail boom.
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Daily Technical Chart Analysis of ANGELONE on 13042026.pdf
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