Edelweiss: Ready for a Big Run!
🚀 Edelweiss: Ready for a Big Run! 🚀
Current Market Price: ₹136
Stop Loss: ₹115
Targets: ₹159 | ₹195
Key Highlights:
Major Resistance Breakout: Edelweiss broke a significant resistance at ₹122 on 9th September and touched ₹143 before retesting down to ₹102.
Sustaining Above ₹122: The stock is now holding firmly above the ₹122 level, a strong base for further upside.
Fibonacci Support: The 61.8% retracement level at ₹127 strengthens the current structure.
Trigger Point: A move above ₹143 could confirm momentum and trigger a sharp rally toward the targets.
Strategy:
Wait for Confirmation: Monitor closely for a breakout above ₹143 before adding significant positions.
Risk Management: Stick to the stop loss at ₹115 to protect capital.
Staggered Entry: Build positions gradually as the stock confirms upward movement.
📈 Outlook: With strong technical backing and a healthy retracement, Edelweiss could be poised for a substantial run toward its higher targets.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#Edelweiss #StockMarket #TradingOpportunities #TechnicalAnalysis #BreakoutStrategy #InvestmentIdeas
Current Market Price: ₹136
Stop Loss: ₹115
Targets: ₹159 | ₹195
Key Highlights:
Major Resistance Breakout: Edelweiss broke a significant resistance at ₹122 on 9th September and touched ₹143 before retesting down to ₹102.
Sustaining Above ₹122: The stock is now holding firmly above the ₹122 level, a strong base for further upside.
Fibonacci Support: The 61.8% retracement level at ₹127 strengthens the current structure.
Trigger Point: A move above ₹143 could confirm momentum and trigger a sharp rally toward the targets.
Strategy:
Wait for Confirmation: Monitor closely for a breakout above ₹143 before adding significant positions.
Risk Management: Stick to the stop loss at ₹115 to protect capital.
Staggered Entry: Build positions gradually as the stock confirms upward movement.
📈 Outlook: With strong technical backing and a healthy retracement, Edelweiss could be poised for a substantial run toward its higher targets.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#Edelweiss #StockMarket #TradingOpportunities #TechnicalAnalysis #BreakoutStrategy #InvestmentIdeas
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.