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EDELWEISS FIN SERV LTDEDELWEISS FIN SERV LTDEDELWEISS FIN SERV LTD

EDELWEISS FIN SERV LTD

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EDELWEISS trade ideas

TECHNICAL ANALYSIS of Edelweiss financial services Please note that this analysis is only for educational purposes. I am not giving you any kind of recommendation. Its my analysis for myself. You can use this post as educational purposes. Thank you! ### **Technical Analysis:** 1. **Ascending Triangle Pattern:** - The chart shows an *ascending triangle pattern,* which is a bullish continuation pattern. The price is making higher lows, indicating increasing buying pressure, while the resistance zone around **115-116 INR** is acting as a strong barrier. 2. **Volume Analysis:** - The volume has been decreasing during the consolidation phase, which is typical before a breakout. A significant increase in volume during the breakout would confirm the pattern and signal a potential strong upward move. 3. **Support and Resistance:** - **Support:** The rising trendline acts as dynamic support, with immediate support around **112 INR** and stronger support near **108 INR.** - **Resistance:** The resistance zone is between **115-116 INR.** A breakout above this level with strong volume would indicate bullish momentum. ### **Trade Setup:** #### **Entry:** 1. **Bullish Scenario (Breakout):** - **Entry Point:** Enter a long position when the price closes above **116 INR** on strong volume. This confirms a breakout from the ascending triangle. 2. **Bearish Scenario (Breakdown):** - **Entry Point:** Consider a short position if the price breaks and closes below the trendline support around **112 INR** with increased volume. This would indicate a possible bearish reversal. #### **Stop-Loss (SL):** 1. **Bullish Scenario:** - **Stop-Loss:** Place the SL below the recent swing low or the trendline, around **112 INR.** This level acts as strong support, and a breakdown below it would invalidate the bullish setup. 2. **Bearish Scenario:** - **Stop-Loss:** Set the SL just above the breakdown point, around **114 INR,** to protect against a false breakdown. #### **Exit:** 1. **Bullish Scenario:** - **Target 1:** The first target could be set around **120-122 INR,** based on the height of the triangle pattern added to the breakout point. - **Target 2:** If the bullish momentum continues, the next target could be around **128-130 INR,** which is near the next significant resistance zone. 2. **Bearish Scenario:** - **Target 1:** The first target for the short position could be around **108 INR,** where there is a strong support level. - **Target 2:** If the price continues to decline, the next target could be around **100-102 INR,** where there is a psychological and technical support level. ### **Conclusion:** - **Bullish Breakout:** Watch for a breakout above **116 INR** with increased volume for a long position. - **Bearish Breakdown:** Monitor the **112 INR** level for a breakdown to consider a short position. - **Volume Confirmation:** In both scenarios, confirm the move with volume to avoid false breakouts or breakdowns. This setup offers a balanced risk-reward ratio, allowing you to capitalize on the directional move following the breakout or breakdown.
NSE:EDELWEISSLong
by TradeAXN
Technical Analysis of EDELWEISS Fin Serv LtdTechnical Analysis of EDELWEISS Fin Serv Ltd Overview of the Stock - The chart presents a 1-hour timeframe of EDELWEISS Fin Serv Ltd (NSE:EDELWEISS) stock. Key indicators and patterns suggest a slightly bullish sentiment. Key Observations Price Action: The price has been consolidating above a support level around 113.50. A breakout above the recent high of 114.19 could signal a stronger uptrend. Moving Averages: The 200-hour Exponential Moving Average (EMA) is providing support, indicating a potential bullish trend. Fibonacci Retracements: The price is currently near the 0.618 Fibonacci retracement level of a previous decline, suggesting a potential reversal. Relative Strength Index (RSI): - The RSI is hovering near the 50 level, indicating a neutral-to-slightly bullish sentiment. A break above 60 could signal stronger bullish momentum. Support and Resistance: -The 113.50 level acts as a key support, while the 115.90 level is a potential resistance. Potential Scenarios of Stock Bullish Scenario: If the price breaks above the 114.19 resistance, it could trigger a stronger uptrend. The next target might be around 115.90, followed by higher levels. Neutral Scenario: The price could continue to consolidate in the current range. A break below the 113.50 support could indicate a potential pullback. Bearish Scenario: A significant break below the 113.50 support could trigger a more bearish outlook. The next support levels to watch would be around 108.50 and 103.70. Conclusion Based on the technical analysis, EDELWEISS Fin Serv Ltd appears to be in a slightly bullish trend. However, the market remains volatile, and it's essential to monitor price action and indicators closely for potential changes in sentiment. Remember: This analysis is for informational purposes only and should not be considered investment advice. Always conduct your own research or consult with a financial advisor before making investment decisions. Disclaimer: This analysis is based solely on the technical analysis of the stock and does not consider fundamental factors. Always consult with a financial advisor before making investment decisions. Do your own research before enter in the market because I am not SEBI registered person to suggest any stock. Thanks for your support as always
NSE:EDELWEISSLong
by ForexTrader4all
Edelweiss Financial Services Stock: Outlook for FY 2024-25Current Performance Overview (2024): Edelweiss Financial Services (EDEL) has shown a marked increase in stock price, driven by substantial trading volumes and investor interest. As of August 2024, the stock price has surged to a range of INR 104.61 to INR 115.90, indicating strong bullish momentum. This rise is supported by robust market activity, with the stock price more than doubling over the last three months, reflecting significant market confidence. EBITA Margin Analysis: Despite the positive price movement, Edelweiss's EBITA margin has seen some fluctuations. The EBITDA margin has declined by 40.33% compared to the previous year, although it had reached a five-year high of 59.10% in FY 2023. The current operating profit margins suggest that while the company has managed to keep operating expenses in check relative to revenues, there is room for improvement as the margin fell slightly in the first quarter of FY 2024. Technical Analysis: Edelweiss’s stock is experiencing strong buy signals across various technical indicators. The stock is trading above its 50-day and 200-day moving averages, which is a clear bullish indicator. The Relative Strength Index (RSI) also suggests a buying opportunity, while other indicators like the MACD and ADX confirm the upward trend. The stock’s pivot points and support levels are well defined, with strong support around INR 90 and resistance potentially stretching up to INR 120. Projection for FY 2024-25: Considering the current technical setup and financial performance, Edelweiss Financial Services is projected to continue its bullish trend into FY 2024-25. Analysts predict that if the market conditions remain stable, the stock could potentially reach INR 140 by the end of the fiscal year. However, investors should remain cautious as the company’s EBITA margins have shown some volatility, which might affect overall profitability. Investment Outlook: For bullish investors, Edelweiss Financial Services offers a promising opportunity, particularly if the broader market continues its positive trend. On the downside, if market conditions deteriorate or if the company's EBITA margins do not improve, the stock might face resistance and consolidate in the INR 90-100 range.
NSE:EDELWEISSLong
by shvishal
Edelweiss Financial Services:Bullish Breakout on Weekly Chart?Fundamentals Edelweiss Financial Services boasts a healthy Return on Equity (ROE) and Return on Assets (ROA) track record, indicating efficient use of shareholder capital. The company has delivered strong profit growth in recent years, with a healthy operating margin. It trades at a reasonable valuation compared to its book value. Technical Analysis Edelweiss appears to have broken out of a consolidation phase on the weekly chart, with a surge in volume. The stock is currently trading near its 20-week EMA, which could act as support. Overall The fundamentals of Edelweiss seem promising, and the recent breakout on the weekly chart suggests potential bullish momentum. However, it's important to note that the company reported negative earnings in the last quarter. Important Note This is a brief overview and should not be considered financial advice. Conduct your own research before making any investment decisions.
NSE:EDELWEISSLong
by Tradingshiksha