Angel One: Reversal in Progress, Momentum Building Up 📈

Technical View:

gained over 2.7% to close near ₹2,405, continuing its recent upmove from the ₹2,150 zone. The stock has now crossed above its short-term moving average (~₹2,270), signaling a trend reversal from a prolonged downtrend. RSI has turned upward sharply to 63, reflecting strengthening bullish momentum without entering overbought territory yet. Immediate support lies near ₹2,270–₹2,250, followed by ₹2,150. On the upside, resistance is seen around ₹2,480–₹2,520. A decisive breakout above ₹2,520 could open targets of ₹2,700–₹2,800 in the near term. Price Action Note: Volume buildup supports the ongoing breakout. After months of consolidation, price structure indicates a potential higher-low formation, suggesting renewed buying interest from swing traders and institutions. Fundamental View: Angel One remains one of India’s leading retail-focused brokerage platforms, benefiting from: Consistent client additions (monthly average > 4–5 lakh). Growing market share in active clients and daily turnover. Expansion into AI-driven advisory tools and smallcase-like investment platforms. High ROE (~40%), robust margins (~35%), and strong digital ecosystem. The brokerage industry’s tailwinds — rising retail participation, F&O trading growth, and tech-driven broking models — continue to favor Angel One’s long-term positioning. 📊 Key Metrics (FY24–25E): Revenue Growth: ~22% YoY PAT Growth: ~18% PE: ~17x (reasonable for growth stock) Dividend Yield: ~2% Outlook: Momentum remains positive above ₹2,250. Target: ₹2,700–₹2,800 (≈ +15%) Stop-loss: ₹2,250 (≈ -5%) 💡 Bias: Bullish | Short-term recovery likely to extend toward higher resistance zones with improving sentiment in financials.