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.
Edelweiss Financial Services Ltd go long above 104
EDELWEISS - Rectangle channel breakout - Good volume - Possible to go more For educational purpose only.
Edelweiss Fin Serv - Long Buy : ₹ 87- ₹ 84 Target: ₹ 89.05, ₹ 91.70 Support: ₹ 82.90 , ₹ 78.5 Invest and Trade Wisely! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor. It is...
SUGGESTED LONG @74 TARGET 3 OF 97 ACHIEVED TODAY!! 45% RETURNS!! FOLLOW FOR MORE SUCH IDEAS
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 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.
On 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...
Gave 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 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...
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!