EDELWEISS
Buy : 54
Target : 59.4
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this...
A Breakout Soon Candidate Named Edelweiss With Weekly Breakout Above 55 Level may move it's Price upto 75-120 Level With Stoploss @ 43 On Weekly Closing Basis. Watch it further.
I'm Not a Sebi Registered Advisor.It's Only For Educational Purposes.Thanks.
BUY - EDELWEISS FINANCIAL SERVICES
CMP -Rs. 67
Target - 1: Rs. 96
Target - 2: Rs. 124
Target - 3: Rs. 150
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Technicals - Bullish Triangle
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This is just a view by an expert analyst, please invest at your own risk.
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volumes increased on weekly chart. and breakout above upper boundary will bring rally in this counter. monthly chart look more interesting. it is consolidating for a longterm, breakout on monthly chart will take it to stage-2 rally.
price at major support
Price looks over extended on the down side
Expecting a little retracement Or it might give a reversal too
Today's daily candle open= low as of now..
SL below day low
Edelweiss Financial Services Limited is a diversified financial services company based in Mumbai, India. It was founded in 1995 by Rashesh Shah and Venkat Ramaswamy and offers a wide range of financial products and services including investment banking, asset management, wealth management, insurance, and credit.
Edelweiss Finance is a leading player in the Indian...
#Edelweiss (Edelweiss Financial Services Ltd.) Weekly Chart: Inverse Head and Shoulders #Breakout . Since October 18, 2021, Edelweiss has underperformed the #Nifty but outperformed its sector peers. Soon it's going to outperform Nifty also.
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is...
► ADVANCE PATTERN #26: EDELWEISS ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆...
Edelweiss -> Waiting for Breakout ?
Since the beginning of November, the stock has gained 24%. It is currently forming an Ascending Triangle Pattern. Based on the pattern scenario, we can expect the price to fall to the 62-60 level before continuing to rise.
Currently price in the range of 67 Rs,If the pattern continues on the higher side, the price may rise to...
There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume...
Today I picked Edelwiss because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this.
1. High Volumes at breakout.
2. Wedge Chart pattern breakout
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
