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
EDELWEISS trade ideas
Edelweiss ready for break out.Cup & Handle pattern, with cup depth of 32 points. Wait for a proper volume break out & pull back,
EdelweissMedium term Trade
2.63 Risk Reward Ratio.
Beaten stock, could POSSIBLY recover till the next resistance.
Fundamentally speaking, the performance of the company has been below average over the years.
Bullish engulfing.Go long.Engulfing pattern with volume spike in daily chart also rsi pointed up from oversold region.Buy above the candles high with target around 62 & stop loss below the candles low.
Breakout Trade!Wait for the confirmed Break out.
Currently stock is at an important zone.
On the upside, targets can be huge.
But one has to patiently wait for it.
I will update you all on the entry and exit.
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Edelwise Short-Medium & LongtermEdelwise Short-Medium & Longterm target as shown in the graph,
Current Market price 79.15; Wait until price crosses above 82.5,
Basis:
1) Chikou Span headed upward, Higher than previous 26 day price, out of the price zone
2) C-Clamp over, Kijun sen upward direction,
3) Tekan sen above Kijun sen
4) Trend line
5)Trend line drawn respected.
6) Kumo cloud green
Risk:
Kumo cloud wider & Senkou A and B are flat; These should get narrowed once prices crosses 82,5
Edelwies Put Edelwies into your watch list and see how it goes, as the company acquired Navayuga groups road assests in north east india for $150 million....
Bullish movement upcomingBuyers can wait for 2,3 days for it to fall below 30.
Target1 -> 36
Target2 ->50
edelweisslooks good for investment purpose
BUY ABOVE 38 AND AIM FOR THE TARGET OF 67-115
THIS WILL TAKE ATLEAST 2 MONTHS but surely it will happen
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..
