#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.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
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 ..
Rachit_Sethia
⋅
@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!
Rachit_Sethia
⋅
@sahilmandre, made a high of 76.35
Is it performing sir ?
sahilmandre
⋅
@Rachit_Sethia, Yes its performing and the returns are heavy at this moment ...but unfortunately i didnt take this trade ...