ANGEL ONE – Higher Timeframe Analysis (Monthly Chart)Angel One LimitedNSE:ANGELONESaadMJAngel One is currently trading near a very critical multi-year resistance zone around ₹345. The structure on the monthly timeframe looks very interesting from a positional trading perspective. Key Observations: Strong accumulation formed between ₹194 support and ₹345 resistance Multiple years of consolidation after a strong upmove Current monthly candle shows strong bullish momentum Price is attempting a breakout from the long-term range Bullish Scenario: A sustained monthly breakout above ₹345 can potentially open the path towards: ₹400 ₹480 ₹560+ The current structure suggests: Institutional accumulation Volatility contraction followed by expansion Higher lows being respected consistently Best Confirmation Setup: Breakout above ₹345 Retest and hold above breakout zone Continuation with strong volume This would strengthen the bullish case significantly. Risk Scenario: If the breakout fails and price closes weak below the resistance zone: Pullback toward ₹280–300 possible Major support remains near ₹194 Overall, this looks less like a random spike and more like a potential higher timeframe expansion setup. Do your research before you trade. This is for educational purpose