edelweiss flag and pole on weekly charts need to break the trend line upwards and should give closing above 80... if close above 80 then we can see new upward movement till 110-120 can give 50% up move
In this script we have to be more caustions as there are two certain paths that the script might likle to take. It is important we be patient and wait for conitnious bullish one hour closes within the two area to indentifity which FVG is likley to give us a higher probability trade and a better entry to manage the risk. No buy sell reco NSE:EDELWEISS
Cup pattern gives a huge return in a long-term run.
Cup pattern form after a long period of time.
We can clearly see in Edelweiss stock there is cup pattern break and now it is time of support testing. After confirmation you can take a long-term entry to get a huge return.
Buy
For the 1st target 110rs
2nd target 131rs
SL 55rs
For tip
I m dealing with
1.positional trade
2.swing trade
3.intraday trade
Note - don't trade in F&O
Monthly charge 2000rs
Feel free to contact 82696 13561
EDELWEISS FIN SERV gave a breakout. Extremely undervalued company, mid-long term targets are 80-140-200. SL as per own risk. Good volumes were seen along the base above which the breakout was affirmed.
There is a breakout in saucers pattern or we can also say rounding bottom pattern. Breakout happened with high volume. And 50 SMA Crossed 200 SMA which also signal to buy the stock. As per study stock may reach to its next resistance which is around 79.
1) volume building in stock
2) finally Feb. 2020 resistance breakout in previous week and sustained
3) major resistance for the stock is 60 level
4) stock sustained above 60 level and now take below 60 as support 59 & 58
5) next target is 67 this only possible when bullish market
6) first target 67 and second target 73
Edelweiss - Daily Charts
Above 52-53 with strong deliverable volumes,
we can expect good upside momentum in the counter.
All Capital Markets Standard Disclaimers Apply
Disc - Invested
EDELWEISS for long term Investment, seems good for Long from here .. Target, SL clearly given in chart
***I am not SEBI Registered. All my charts and analysis are only for educational purpose not for trading purpose.
NSE: EDELWEISS is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing...
