ANGEL ONE LTD
Long

angel one breakout analysis-

351
"Let's analyze a broking firm stock currently trading at ₹2,700. Its market capitalization is ₹243.62 billion, and it has a P/E ratio of 20 and an ROE of 44%. The solvency ratio appears healthy.

Examining the shareholding pattern, we see that promoters have increased their stake from 38.21% to 35.63%. Foreign institutional investors (FIIs) have slightly decreased their holding from 17.27% to 15.36%, while domestic institutional investors (DIIs) have significantly increased theirs from 9.49% to 14.02%.

From a technical perspective, the stock has formed a falling wedge pattern, suggesting a potential bullish reversal. A breakout above the key resistance level of ₹2,700 could signal a further uptrend. The support zone remains at around ₹2,000."

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