Edelweiss - Multiple confluence points - Cup&handle, Flag patter
Edelweiss is at multiple confluence points at monthly time frame - it has made cup & handle patter, flag pattern and a rectangular pattern. A breakout of the stock will definitely looking to move upwards. Other factors:
1. See volumes - building / consolidating
2. MACD is improving
3. RSI is above 60
4. Fundamentally also, good Q1 result, selling stake for 1.5k - 2k crores, improvement in processes and we can RBI restrictions moving away
Keep in your radar
"Cleaneasycharts"
Right Stock at Right Time at Right Price!!
Cheers!!
1. See volumes - building / consolidating
2. MACD is improving
3. RSI is above 60
4. Fundamentally also, good Q1 result, selling stake for 1.5k - 2k crores, improvement in processes and we can RBI restrictions moving away
Keep in your radar
"Cleaneasycharts"
Right Stock at Right Time at Right Price!!
Cheers!!
Trade active
We have pocketed 25% return..Cheers!!! Moving towards our target..keep following for such insights. Cheers!!Trade active
36% upside from our buy price..Moving towards our target. Detailed analysis at cleaneasycharts..Cheers!!!!Trade active
55% upside..Cheers!!!Trade active
We hit our target of 58% today. Cheers to all!!! Will revise our target and keep posted. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.