TARGET 3 ACHIEVED IN EDELWEISS (45%)SUGGESTED LONG @74
TARGET 3 OF 97 ACHIEVED TODAY!!
45% RETURNS!!
FOLLOW FOR MORE SUCH IDEAS
EDELWEISS
Breakout in Edelweiss Financial Services...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 Financial Services Triangular Pattern BreakoutEdelweiss 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.
EDELWEISS LONGOn the daily chart of edelweiss, it can be seen that how crucial 70-73 zone is from past year (July'20). Yesterday Edelweiss gave a good breakout with great volumes. (OPEN CHART FOR DETAILED VIEW)
Following the breakout, there is a perfect retrace too!
LEVELS:
Entry: CMP (70-73)
Target 1: 82-83
Target 2: 90-91
Target 3: 96-97 (Following the higher high trendline as shown in the chart)
STOP LOSS: 68-69
TRAIL STOP LOSS
RSI shows momentum after retrace
MACD bullish
MA CROSS bullish
I would recommend going long on EDELWEISS for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK
THANKS!
EDELWEISS FIN SERVICES TARGET ACHIEVEDGave a buy call on edelweiss @67 with target 1 @83!!
IT TOUCHED OUR FIRST TARGET (24%) TODAY...
GAVE 24% RETURNS!!!
FOLLOW FOR MORE SUCH IDEAS!!!
#EDELWEISS CMP 67.45 #Target 80.85(20%) #ISEC #ANGELBRKG #IIFL#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
EDELWEISS: A GOLDEN OPPORTUNITY?!Stock has been showing a lot of bullishness recently. It has recently broken the accumulation phase, and is on its path upwards. A strong resistance at 85, which if broken will lead to targets 130, followed by 200!
#EdelweissBreakOut Above 93
SL: Previous Candle Low of Breakout Candle
Ascending Triangle Pattern
Volume Also Good
Invalid Below 70
Support below, resistance above, wait for trendline to breakWait for the trendline to break, there is an old support below, a fib retracement of 50 percent, and a resistance above. Can be bought after a good breakout from the current trendline.
EDELWEISSAfter good run up and consolidation stock is again trying to break downward trending ling. It can be bought at 72 level with SL of 67.70
The observation was perfect, isn't it?I told you that this stock has bottomed out @87. now it's trading 99 nearby.
I hope you enjoyed this small observation.
Today, I am panning to work for nifty.
Ref.
EDELWEISS looks good buy on dipsBuy Above 102.80 if weekly candle closes above target of 203, else if closes below 88.40 wait for 70-75 level to buy and hold for 6-9 Month.. Returns will be triple on the invested amount..
