ANGELONE — Sustains Momentum, Eyeing a Fresh Breakout 🚀

continued its upmove, closing near ₹2,480 (+3%), extending gains from ₹2,150 lows. The stock trades above its 21-day EMA (₹2,305), confirming a trend reversal. RSI at 68.5 shows strong bullish momentum, though nearing overbought levels. Immediate support lies at ₹2,370–₹2,320, while resistance is placed around ₹2,520–₹2,550. A breakout above ₹2,550 could open the next leg toward ₹2,700–₹2,800. Volume expansion supports the ongoing rally, indicating renewed institutional and swing trader participation. Price structure shows a clear higher-high pattern, suggesting sustained accumulation. Fundamental View: Angel One remains a frontrunner in India’s retail broking space, leveraging technology and financial market depth. Strong client additions of 4–5 lakh per month. Rising F&O market share and growing active traders. Expanding suite of AI-driven advisory tools and smallcase-style investment offerings. Robust financials: ROE ~40%, operating margin ~35%, PE ~17x, and dividend yield ~2%. Broking sector tailwinds — record F&O volumes, retail participation, and platform digitization — continue to favor Angel One’s growth trajectory. Outlook: Momentum remains positive above ₹2,350. Sustained close above ₹2,550 may trigger a breakout toward ₹2,700–₹2,800. 🎯 Target: ₹2,700–₹2,800 (+10–12%) 🛑 Stop-Loss: ₹2,350 (≈ -5%) 📊 Bias: Bullish – short-term trend intact with sector tailwinds in favor.