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Edelweissfinancialservices

EDELWEISS FIN SERV - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: EDELWEISS FIN SERV LTD ( NSE:EDELWEISS ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹113.50 (Breakout Confirmation) 🛑 Stop Loss: ₹98.00 (Daily Closing Basis) (-14 % Risk) 🎯 Target Levels: ₹120.54 ₹128.01 ₹135.95 ₹144.38 ₹154.29 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation ✅ Strong Momentum - Daily RSI >60 , Weekly RSI >56 & Monthly RSI >59 (Bullish zone) ✅ Volume Confirmation - Breakout volume 15.52M vs previous day's 4.27M (Nearly 4x surge) ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear price & volume breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:EDELWEISS for this breakout opportunity? Share your views in the comments!
NSE:EDELWEISSLong
by raigvivek
Edelweiss Financial Services cmp 89.51 by Daily Chart viewEdelweiss Financial Services cmp 89.51 by Daily Chart view - Support Zone at 80 to 86 Price Band - Resistance Zone at 101 to 106 Price Band - Price is shouldering above the Rising Support Trendline - Probable Breakout expected above Falling Resistance Trendline - Technical indicators EMA, MACD, RSI seen turning up as positive - Volumes seen getting in close sync with average traded quantity - Support Zone under test retest phase since close to a month now
BSE:EDELWEISS
by PIYUSHCHAVDA