EDELWEISS LONG
Updated
On the daily chart of edelweiss, it can be seen that how crucial 70-73 zone is from past year (July'20). Yesterday Edelweiss gave a good breakout with great volumes. (OPEN CHART FOR DETAILED VIEW)
Following the breakout, there is a perfect retrace too!
LEVELS:
Entry: CMP (70-73)
Target 1: 82-83
Target 2: 90-91
Target 3: 96-97 (Following the higher high trendline as shown in the chart)
STOP LOSS: 68-69
TRAIL STOP LOSS
RSI shows momentum after retrace
MACD bullish
MA CROSS bullish
I would recommend going long on EDELWEISS for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK
THANKS!
Following the breakout, there is a perfect retrace too!
LEVELS:
Entry: CMP (70-73)
Target 1: 82-83
Target 2: 90-91
Target 3: 96-97 (Following the higher high trendline as shown in the chart)
STOP LOSS: 68-69
TRAIL STOP LOSS
RSI shows momentum after retrace
MACD bullish
MA CROSS bullish
I would recommend going long on EDELWEISS for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK
THANKS!
Trade closed: target reached
Target 1 REACHED!!TOUCHED TARGET 1 (83) TODAY
24% RETURNS!!!!!
Trade closed: target reached
TARGET 3 REACHEDTOUCHED TARGET 3 (97) TODAY
45% RETURNS!!!!!!
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