Edelweiss 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...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
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Looks good on formation side of things.
Constantly making HL with levels testing the Resistance Zone.
Now with Accumulation happening could give a major B.O.
Edelweiss has been consolidating for a long time after the big bull rally it had and now it has not broken the support and resistance, the pattern looks clean so keep watching as the stock moves above 85.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
Edelweiss Fin Serv - Long
Buy : ₹ 87- ₹ 84
Target: ₹ 89.05, ₹ 91.70
Support: ₹ 82.90 , ₹ 78.5
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is...
Edelweiss Financial Services has been in a sharp downtrend since long. Now it seems a reversal can happen. Triangular breakout and bottom seems to be capped. Rakesh Jhunjhunwala has increased his stake in it. Its peers have been performing like motilal oswal, IIFL Finance. So this can also show a re rating. Looks like a good buy.
