Edelweiss Financial Serv (Study Purpose)
Waiting for a daily closing above Rs75.50 or RSI crossing level 64 whichever comes earlier. Trendline support is intact from the 52week lows. Good Q3 results, SL below previous swing lows for a ride till fib ext 1.618 levels.
Macd signal positive, histogram showing strength and macd about to be above Zero.
Strength after ADX crosses 30.
Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
I'm personally invested as per my study.
Macd signal positive, histogram showing strength and macd about to be above Zero.
Strength after ADX crosses 30.
Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
I'm personally invested as per my study.
Trade active:
ABOVE RS 75.50 since morning showing strength.
SL stand revised to BO candle of today's low at Rs73.40
Next resistance Rs81
SL stand revised to BO candle of today's low at Rs73.40
Next resistance Rs81
Comment:
touched a low of Rs74.70 and then made a high of Rs80.20, it's a buy on dip.
Momentum rising. Watch out tomorrow if minor resistances crossed then new high's expected soon.
Momentum rising. Watch out tomorrow if minor resistances crossed then new high's expected soon.
Comment:
showing strength despite broader market weakness. need to hold up above Rs75 levels orelse a temporary exit can be done due to market weakness.
Macd has moved above Zero on 20th Feb 2024.
Any dip is good to accumulate.