Rachit_Sethia

#EDELWEISS CMP 67.45 #Target 80.85(20%) #ISEC #ANGELBRKG #IIFL

NSE:EDELWEISS   EDELWEISS FIN SERV
#EDELWEISS
NSE: EDELWEISS
CMP 67.45
Target : 80.85
SL 63
Time Frame < 3 months
Can hold the stock for longer time after part booking.


Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.

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With 💚 from Rachit Sethia

Comments

The Fundamentals of the company are weak at this moment... they faced loss of 2000 crore in 2020 ... So this trade might be taking little longer ..
I don't much nicely..do correct me if i am wrong ..
+1 Reply
Rachit_Sethia sahilmandre
@sahilmandre, Sir, u might be correct in terms of past fundamentals that u have observed. But the biggies and the smart money play for the future. I have a strong belief that this stock will break my prescribed target as well.
I would never advise u to overburden ur money into one stock, but keep a check on the ideas I post and their return in one or two weeks then think about putting in ur money.
Also, I am giving u raw research which doesn't have impurities, and I believe the stocks will perform well, but I advise u not to put ur hard-earned money blindly, just because I have posted some content.
Good Luck!
Reply
Rachit_Sethia sahilmandre
@sahilmandre, made a high of 76.35
Is it performing sir ?
Reply
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