Target Price: Rs 3,825-4,050
Stop Loss: Rs 2,920
Angel One, after a throwback from an inverse head-and-shoulders breakout, has resumed its upward move, signalling a potential uptrend. A surge in volume today highlights strong buyer interest. The price has closed above the Ichimoku Cloud, baseline, and conversion line, indicating bullish momentum. It is also trading above the 21 EMA and 50 EMA, further supporting the uptrend. RSI’s upward movement aligns with the price action, and the DMI shows DI+ above DI-, with ADX confirming strength in the trend.
A long position can be considered with a target of 3,825-4,050 and a stop-loss of 2,920. Use dips toward 2,970-2,950 as buying opportunities.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza)
Forrás: eredeti cikk
