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The price has broken the long resistance trend line and is maintaining above it.
Also, it has created a descending wedge which is a bullish signal.
03-03-2023
EDEN was testing the support 17.50-17.80 area and created a bearish engulfing candle. RSI values cooled down a bit but. MACD is still sowing positive signs while the MA 20/50 shows signs to cross.
07-03-2023
The stock price kept dipping for the second day while validating the previous close engulfing candle. It broke the support from 17.50 to 17.80 (which was a weak support) and closed above the MA 50. The price closed at 17.00 Rs, the upper limit of the strong support area. (16.00 to 17.00)
08-03-2023
EDEN came down and closed within the support 17.50-17.80 range. If this support doesn't hold 16.00 to 17.00 support will be the solid area for rest.
Even though the price came down RSI and MACD was not showing negative sentiment.
17-03-2023
Share price kept gradually coming down to a strong support zone. There is some positivity cos' 20 MA has crossed the 50 MA.
24-03-2023
Share price moved sharply towards the resistance area of 18.00-18.50 and closed in the range.
Both MACD and RSI are showing bullish signs.
28-03-2023
Share price dipped further towards the support zone, but there was still interest to collect the share.
The price has broken the long resistance trend line and is maintaining above it.
Also, it has created a descending wedge which is a bullish signal.
03-03-2023
EDEN was testing the support 17.50-17.80 area and created a bearish engulfing candle. RSI values cooled down a bit but. MACD is still sowing positive signs while the MA 20/50 shows signs to cross.
07-03-2023
The stock price kept dipping for the second day while validating the previous close engulfing candle. It broke the support from 17.50 to 17.80 (which was a weak support) and closed above the MA 50. The price closed at 17.00 Rs, the upper limit of the strong support area. (16.00 to 17.00)
08-03-2023
EDEN came down and closed within the support 17.50-17.80 range. If this support doesn't hold 16.00 to 17.00 support will be the solid area for rest.
Even though the price came down RSI and MACD was not showing negative sentiment.
17-03-2023
Share price kept gradually coming down to a strong support zone. There is some positivity cos' 20 MA has crossed the 50 MA.
24-03-2023
Share price moved sharply towards the resistance area of 18.00-18.50 and closed in the range.
Both MACD and RSI are showing bullish signs.
28-03-2023
Share price dipped further towards the support zone, but there was still interest to collect the share.