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 trade ideas
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
808. Swing play Sl 7% and T1= 10%. wait for diver signal for bSL compulsory
Best buy at 70.5 with SL
Edelweis Fin Serv - 2 Digit aayega kyaSurprised that there are some fundamentally bad news in this stock. Market knows better.... and it is heading to 2 digit... Hoping to accumulate more there and average... 1st Touch down level is 124.... 2nd is 100 .... 3rd is 82... !
Edelweis Fin Serv - On Verge of Kumo Break OutThe stock is about to make a Kumo Break out - Should sustain the closing and also on retest which is a possibility.
The Chikou span is also making an attempt to get free.
The set up looks good. One can buy or wait for a re test and then buy... Above that is blue sky.
Close to breakout on Dailyneed one more strength candle on 1st Aug and it will be BO.
CCI is already bullish.
#EDELWEISSTop is not confirmed yet
Sideways action starts CCI-34(W) drops below 100
C> 317.60 and H> 342 will resume the trend with momentum
Edelweiss - Wave 5 should end somewhere between 380 and 480Edelweiss is going up in wave 5 which should peak somewhere between 380 and 480 and then correct in wave (4) down to 250s. The longterm count is bullish. It's kind of buy and forget stock technically.
Edelweiss: Nice momentum, awaiting dips to buyThe stock has seen sharp spike recently, pushing ADX past the 25-mark. This suggests strong uptrend in force. The recent rally has however pushed the price to short-term overbought position. Use any pull back method and stop loss method to consider long trades on weakness.
Fibs, MA or anything else is fine to spot potential support zones.
