Short term trading opportunity in Edelweiss fin for > 30% upsideHi,
NSE:EDELWEISS has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
EDELWEISS
Edelweiss Financial Services Ltd - Breakout Setup, Move is ON...#EDELWEISS trading above Resistance of 110
Next Resistance is at 161
Support is at 88
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
EDELWEISSEDELWEISS:- If the stock gives a breakout and sustains above 45.90 level, we may see a movement to the upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
EDELWEISS | Swing Trade📊 Details
Incorporated in 1995, Edelweiss Financial Services Ltd provides Investment Banking and Advisory Services and holding company activities
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Edelweiss | Good for Long |NSE:EDELWEISS
CMP: 83.7
Reason for Trade : WEEKLY BO
Entry : Cmp or near Support 75
Stop Loss: According to one's Risk Reward ratio
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EDELWEISS - Ichimoku Cloud BreakoutStock Name - Edelweiss Financial Services Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 63
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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► ADVANCE PATTERN #26: EDELWEISS ◄► ADVANCE PATTERN #26: EDELWEISS ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly ❤ like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and announcement 📣 regarding stock analysis.
▣ Key Highlights:
➟ Timeframe Weekly Ⓓ
➟ EMA 150
➟ Trend line ⍩
➟ Triangle Pattern ►
➟ Unique Confluence Ⓤ
📌 Levels are:
Entry: ▲ 73
SL: ✘ 68
Target: ➚ 85/100
RR: ☈ 1:5.4
Return: 38%+
Do your own study before Trade!!!
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Edelweiss Swing Trade (1:2)There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume pullback suggests a good retest and if you are having a low risk appetite then prefer going in after it shows a sign of reversal like a hammer to make sure it respects the support zone around 65 and if it somehow goes below. I have kept a logical stop loss below 59-60 where lies another resistance turned support! Below it the structure fails and an exit should be made. Position size according to risk appetite and use strict exit rules, I would prefer a close below 58 to trigger my SL as a wick is frustrating but at that time will update here in comments if the price approaches that zone.
If we talk about targets we have the next resistance 20% from here I.E. at 77. so we get 1:2 if it hits our target.
To add more conviction I have added the volume POC that suggests the highest traded zone and it lies around the second support zone of 60.5. Another strategy can also be used to scale is by adding half @ CMP & half @ 60.5
THIS IS NOT A FINANCIAL ADVISE & KINDLY DO YOUR OWN ANALYSIS/RESEARCH..
Thanks for reading!
YR 2022 Idea #139: Long on EDELWEISSThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Edelweiss Financial Services- Upflag and TrendchangeEdelweiss Financial Services is principally engaged in the business of providing investment banking services and holding company activities comprising of development, managerial and financial support to the business.
The company has a strong client base of 1.2 million that is serviced through a network of over 476 offices, with close to 11,000 employees. The company is present in 3 categories:
Credit (Retail, Corporate)
Investment & Advisory (Wealth Management, Asset Management)
Insurance (Life, General)