🔎 Technical View (Weekly Chart)
Price: ₹2,216
Trend: Stock has been consolidating after topping near ₹3,800.
Support Zone: ₹2,000–2,100 → very crucial, multiple re-tests. If broken, risk of deeper fall towards ₹1,250 (next demand).
Resistance: ₹2,750–2,850 (supply zone). Stronger resistance ₹3,250–3,500.
Momentum: RSI near 39, slipping below 40 → bearish bias in short term.
⚠️ Risk: If ₹2,000 fails, long-term structure weakens.
📉 Why News Flow is Hurting
Recent months have seen SEBI tightening rules around F&O margins, leverage, algo-trading restrictions, and investor protection norms → directly impacting retail activity (key revenue driver for Angel).
Competition heating up: Zerodha, Groww, Upstox taking away active clients.
Any regulatory clampdown on brokerage commissions, intraday leverage, or client funding → weighs on valuations.
📊 Fundamentals (Long Term)
Positives:
Strong retail franchise, ~15M+ client base.
Tech-driven + growing wealth management arm.
Consistently high RoE (~40%+) and RoA.
Healthy dividend payout (cash-generative business).
Challenges:
Over-dependence on trading volumes (cyclical).
Market-share erosion vs peers.
Regulatory overhang may cap valuations.
📝 Long-Term View
Buy Zone for Investors: Accumulate gradually around ₹2,000–2,100. Add more only if market structure holds.
Caution: Avoid heavy exposure below ₹2,000 (risk of slide to ₹1,250).
Upside Potential: If regulatory headwinds stabilise and retail flows revive, stock can revisit ₹3,200–3,500 in 2–3 years.
Investment Style: SIP-based staggered entry is safer than lump-sum.
✅ Summary: Angel One is a structurally strong but cyclically challenged stock. Good long-term pick near ₹2,000 support, but regulatory risk keeps it volatile. Safer to accumulate in tranches for 3–5 year horizon.
Price: ₹2,216
Trend: Stock has been consolidating after topping near ₹3,800.
Support Zone: ₹2,000–2,100 → very crucial, multiple re-tests. If broken, risk of deeper fall towards ₹1,250 (next demand).
Resistance: ₹2,750–2,850 (supply zone). Stronger resistance ₹3,250–3,500.
Momentum: RSI near 39, slipping below 40 → bearish bias in short term.
⚠️ Risk: If ₹2,000 fails, long-term structure weakens.
📉 Why News Flow is Hurting
Recent months have seen SEBI tightening rules around F&O margins, leverage, algo-trading restrictions, and investor protection norms → directly impacting retail activity (key revenue driver for Angel).
Competition heating up: Zerodha, Groww, Upstox taking away active clients.
Any regulatory clampdown on brokerage commissions, intraday leverage, or client funding → weighs on valuations.
📊 Fundamentals (Long Term)
Positives:
Strong retail franchise, ~15M+ client base.
Tech-driven + growing wealth management arm.
Consistently high RoE (~40%+) and RoA.
Healthy dividend payout (cash-generative business).
Challenges:
Over-dependence on trading volumes (cyclical).
Market-share erosion vs peers.
Regulatory overhang may cap valuations.
📝 Long-Term View
Buy Zone for Investors: Accumulate gradually around ₹2,000–2,100. Add more only if market structure holds.
Caution: Avoid heavy exposure below ₹2,000 (risk of slide to ₹1,250).
Upside Potential: If regulatory headwinds stabilise and retail flows revive, stock can revisit ₹3,200–3,500 in 2–3 years.
Investment Style: SIP-based staggered entry is safer than lump-sum.
✅ Summary: Angel One is a structurally strong but cyclically challenged stock. Good long-term pick near ₹2,000 support, but regulatory risk keeps it volatile. Safer to accumulate in tranches for 3–5 year horizon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.