Also given reversal on a weekly chart.
This analysis is done purely on basis of price action and chart patterns Analysis is done on Daily TF as well as on Weekly TF hence it may take few days to several weeks for price to reach the given target. Stock gave good breakout with volume from H&S Pattern. It came down to retest the level and now has formed very good reversal pattern (MORNIGN STAR PATTERN)....
BUY EDELWEISS @ 50-55 TGT @ 87-120+ STOP @ 40 Note: This is preempting Harmonics chart... So always be cautious that probability of tgts shall varry since we haven't plotted the levels on completed candles we are pressuming the targets. So have a close and reasonable RISK REWARD ratio. Go n add it in cash portfolio.
Edelwesis CMP - 55 Looking bullish in higher time frame. One can go for Swing / Short Term Trade setup with the following entry, exit & targets Buy at or above 55 - 56 / Stop Loss 52 Target1 - 60 Target2 - 62 Target3 - 65 / 70 Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
EDELWEISS GAVE A BULLISH BREAKOUT AND GOING ON A BULLISH RALLY
58 price levels rejection provides upward swing of 5% SL compulsory
After bottoming out at around Rs30.10 during the Corona crash, since then price action is trapped in a 'broadening rising wedge' pattern which is looking juicy for the next 100% gain (from wave 2 to 3). Volume profile lends confidence that the next sell off zone Rs105-Rs120. Will update the chart in every 15 days.
stock is in uptrend next target 100 if it breaks resistance of 83
Hola! Another one which has reversed and with nice volume , looking for a pull back to 48 to enter. Targets on the chart , this one may be worth getting into a relationship with, too many options difficult to choose so maybe a buy and forget bag for this .. i mean mid way is around 170 so that's a 3X. Cheers! keep buying till 35 if it does not really concerned...
SL prior bar low
Not more than 1% of total investment SL compulsory
levels are marked , play accordingly happy new year ! to all those amazing souls reading it !
probably going to start accumulation, looking at the quality of automatic reaction , after meeting point and figure targets from the last redistribution disclaimer.. not an investing/trading recommendation
the floor target form point and figure chart achieved at the selling climax.. looking at the automatic reaction, off the spring action, this might be an accumulation starting disclaimer... not an investing/trading recommendation