AS PER MY PREVIOUS POST ON 28TH APRIL, PRICE HAD REACHED THE TARGET AND AN INVERTED H&S FORMATION IS OBSERVED.
ON FRIDAY, THERE WAS A PRICE INCREASE WITH ABOVE AVERAGE VOLUMES.
AS THE PRICE HAD CLOSED ABOVE THE NECK LINE (202), WE CAN EXPECT THE TARGETS OF 213 & 237.
MAINTAIN PROPER STOP LOSS.
EDELWEISS moving in a channel - Ichimoku Uptrend
This is for educational purpose only
Tenkan and Kijun cross above kumo and price above TK
Future Kumo is green
Chikou is above kumo and uptrend
Also you can note RSI divergence ... which is interesting
Heading towards 200 as its moving along a channel and consolidating.
If it moves above 193 tomorrow then...
EDELWEISS a wonderful clear minded stock... May see a small downside before turning the wheels... I hope the picture speaks of the levels..
*Disclaimer.. may or may not happen ... pls dont put me in hot seat me if it does not pan out