prameshp

Edelweis Fin Serv - On Verge of Kumo Break Out

prameshp Updated   
NSE:EDELWEISS   EDELWEISS FIN SERV
The stock is about to make a Kumo Break out - Should sustain the closing and also on retest which is a possibility.
The Chikou span is also making an attempt to get free.
The set up looks good. One can buy or wait for a re test and then buy... Above that is blue sky.
Trade active:
Stock Re Test the Kumo Cloud.

It may go into the cloud on intraday basis, but if it closes higher above the cloud, trade may be taken.

If it goes below the cloud then will take longer to come out.

Keep a tab on the Chikou Span and Span A sloping upwards or not. A good sign if slopes upward.
Trade active:
Stock again breaks of the KUMO Cloud Chikou still free... Breaks the 190 resistance....

Trade in On ... Possible target 220.
Trade active:
The stock breaks 190 and sustains near 200... looking strong.... re entry for those missed could be around 195

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