Angel One’s share price reached ₹2,597.15, reflecting a notable increase of 2.29% from the previous close of ₹2,475.65. This performance comes amid a backdrop of solid operational metrics and market activity that investors are keenly observing.
Main Points
- Current Price: ₹2,597.15
- Day’s Range: ₹2,493 – ₹2,608
- 52-Week Range: ₹1,824 – ₹3,896
- Market Capitalization: Approximately ₹22,825 Cr
- P/E Ratio: 19.3
The stock has shown resilience with a year-to-date return of approximately 30.28%. Over the past three years, it has delivered an impressive return of 102.01%, outperforming the Nifty Midcap 100 index which returned 101.87% during the same period.
From a technical standpoint, Angel One is currently trading below its 200-day moving average (200DMA), which stands at ₹2,503.29. However, it has recently crossed above its 50-day moving average (50DMA) of ₹2,468.41 by about 6%. Analysts suggest that for the stock to gain further momentum, it must decisively break through and maintain levels above its 200DMA.
Support and Resistance Levels
| Resistance Levels | Support Levels |
|---|---|
| First Resistance: ₹2,622.77 | First Support: ₹2,477.53 |
| Second Resistance: ₹2,677.53 | Second Support: ₹2,422.77 |
| Third Resistance: ₹2,732.53 | Third Support: ₹2,377.53 |
The Relative Strength Index (RSI) currently sits at 52.26, indicating that the stock is neither overbought nor oversold.
Volume and Delivery Metrics
Recent trading volumes have been robust:
- Daily Volume: Approximately 1,203,779 shares
- Delivery Volume: About 34,584,571 shares (28.73% delivery percentage)
This suggests a healthy interest in the stock among investors and traders alike.
Market analysts have set optimistic targets for Angel One based on its current trajectory:
- Short-term Target: ₹2,622
- Medium-term Target: ₹2,677
- Long-term Target: Above ₹3,000 if it successfully breaks past key resistance levels.
The bullish signals from various technical indicators also support these targets. For instance:
- A stochastic crossover occurred on September 27, suggesting potential upward momentum.
- Historical data indicates an average price gain of about 18.02% within seven weeks following similar bullish signals in the past decade.
Investors should also note recent corporate actions:
- Angel One has settled allegations related to front-running with SEBI.
- The company continues to warn investors against fraudulent websites impersonating its brokerage services.
These developments could influence investor sentiment and trading behavior in the near term.
Angel One’s stock is currently navigating a crucial phase characterized by significant price movements and technical indicators suggesting potential upward trends. With robust operational performance and positive market sentiment backing it up, investors are watching closely for further developments.
