EDELWEISS trade ideas
Edelweiss fundamentally not that strong,
but it has started picking up momentum, forming a wedge pattern
so good for swing trade ,buy at support and sell at resistance.
My view on Edelweiss Edelweiss is on important trendline support,reversal can be expected. (Personal due diligence advised)
EDELWEISS FIN SERVEDELWEISS looks good for buying around 62-65 Rs, as it is a formation of triangle pattern and parallel channel pattern so keep on radar targets could be T1-93,T2-117,T3-146 minimum hldng period 1yr for long
For short term hldrs for first target hold for 2mnts
IM NOT A SEBI REGISTERED ANALYST DO YOUR OWN RESEARCH BY LEARNING FROM THE CHART AND TAKE ACTION
EDELWEISS ANALYSIS WHAT DO YOU THINK SEE THE VOLUMESEDELWEISS HAS BREAK THE MAJOR DOWNTREND WITH INCREASING VOLUMES WAIT FOR CONFIRMATION OF
ANCHORED VWAP TO BREAK THE MAJOR RESISTANCE AND LET PRICE SUSTAIN ABOVE IT KEEP TRACKING
Edelweiss -- Trend Line Break with Good Volume ( Above 50 DMA)Edelweiss Today Closed above the Trend Line from Recent Top with Good Volume in Last two days....along with crossed the 50 DMA...
Next Target should be around 84 in near term...
Note: For educational purpose not a Recommendation....
EDELWEISS - Double Bottom (Weekly TF) + Bullish H&S (Daily TF)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). This pattern confirms that the stock is ready to move up.
Entry can be made either above the high of today's green candle or it can be accumulated between 70-80 range.
SL level & Target levels are mentioned in the image itself.
Kindly check the below image to understand the Double Bottom Formation in the stock.
Also check the related idea linked below for better understanding of Double Bottom Patterns.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
EDELWEISS - BULLISH TREND - 80-120+ TGT ?? 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 - BullishEdelwesis 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 Financial Bullish PatternAfter 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.
good buy if it breaks resistance of 83, target of 100stock is in uptrend next target 100 if it breaks resistance of 83
555 in 2025... 10X GAINSHola!
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 with a stop loss since dollar cost averaging your entry on dips would be better.
edelweiss levels are marked , play accordingly
happy new year ! to all those amazing souls reading it !
selling climax with a spring actionprobably 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
edelweiss hit a selling climax with a spring actionthe 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
