📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -EDELWISS-
• Potential Breakout Chart
• VCP Pattern ...
After previous breakout tested immediate resistance of 80 zone and then came back for retracement to lower trend, now again ready for breakout with strong momentum.
Waiting for a daily closing above Rs75.50 or RSI crossing level 64 whichever comes earlier. Trendline support is intact from the 52week lows. Good Q3 results, SL below previous swing lows for a ride till fib ext 1.618 levels.
Macd signal positive, histogram showing strength and macd about to be above Zero.
Strength after ADX crosses 30.
Disclaimer : Above...
after consolidating with narrow candles it has fallen to 20W EMA with low volume.
looks interesting chart on daily scale and weekly scale as well.
Highest Ever volume on weekly chart between 60 to 80.
script is already in stage 2.
respected 100DMA three times so far.
Financial sector as a whole is looking very bright. Edelweiss has been forming multiple flag and pole on the charts. An up trend has been established and stock is out of its consolidation zones. One can go long with targets of 120. You can track it at current levels. Stop loss 67.
EDELWEISS:- If the stock gives a breakout and sustains above 45.90 level, we may see a movement to the upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to...
it is tightly consolidating with low volume on daily chart.
this consolidation breakout opens up levels to 120.
this has already given stage-1 breakout 3 months back.
it showing relative strength compared to Index.
Multiple CWH patterns are observed in Edelweiss Fin serv. Stock is in a uptrend.
It's business is correlated to the market. Interest rate cut will help in increasing the profitability which may happen very soon.
T1 - 95
T2 - 125
Can make downward averaging in case stock falls due to index correction.
📊 Details
Incorporated in 1995, Edelweiss Financial Services Ltd provides Investment Banking and Advisory Services and holding company activities
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments...
NSE:EDELWEISS
CMP: 83.7
Reason for Trade : WEEKLY BO
Entry : Cmp or near Support 75
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the...
Edelweiss Financial Services Limited is a diversified financial services company based in India. It operates in various segments of the financial services industry, providing services such as investment banking, asset management, insurance, and credit.
Now, we can observe that the stock has undergone a breakout, followed by a successful retest and is currently showing an upward trend. Given these indicators, it appears to be an opportune moment to consider investing in the stock. The breakout and subsequent retest suggest a strong potential for upward movement. As always, it's essential to conduct thorough...
EDELWEISS looks to be taking support around the Long term BO that it did few weeks back. The base was 100+ weeks long and volumes it took to break that shows clearly on the chart.
To add to support, 10W EMA is also at that very BO level now, this might be an interesting watch to see if it bounces from here.
![EDELWEISS: EDELWEISS at Long BO Support [Weekly]](https://s3.tradingview.com/r/rNlXMTXM_mid.png "EDELWEISS at Long BO Support [Weekly]")
