Edelweiss Financial Services cmp 120.61 by Daily Chart viewEdelweiss Financial Services cmp 120.61 by Daily Chart view
- Support Zone 107.50 to 113.50 Price Band
- Resistance Zone 123.50 to 129.50 Price Band
- Falling Resistance Trendlines Breakout been attempted
- Price rejection couple of times on approaching Resistance Zone
- Volumes spiking regularly and in close sync with avg traded quantity
- Bullish patterns of Head & Shoulders followed by Cup & Handle and Rounding Bottom
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
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


