EDELWEISSHi guys,
In this chart i Found a Demand Zone in EDELWEISS CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
EDELWEISS
#KIRLPNU 660 Tgt 800 21% Buy-Rachit Sethia #Kirloseng #kirloskarKIRLPNU 660
TGT 800
SL 600
RR > 2.4
Return >21%
TF < 6M
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Edelweiss Fin Services Bullish Scenario Bullish outlook on Edelweiss. This could potentially be a turning point from the weekly chart, resulting in this market shirting into a 'buy program' and seeking high prices.
The eye symbol resides above old highs - a place where liquidity would be resting in the form of buy-stops. Think of the sellers who are making money selling short, were would there stops be? Exactly, where old highs reside! Those are our short term targets.
Interesting to see what happens.
#ANGELONE #ZERODHA #EDELWEISS #ANANDRATHI #ISEC #MOTILALOFS #IT#ANGELONE
NSE:ANGELONE
NSE:ANGELONE
CMP: 1452.50
Entry Price 1440
Target: 1900+
SL: 1170
RR Ratio > 3
Return > 45%
Time Frame < 6 months.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Amazing Buying Opportunity On An India CompanyEdelweiss Group is an investment and financial services company based in Mumbai, India. It is co-founded by Rashesh Shah and Venkat Ramaswamy.
Founders: Rashesh Shah; Venkat Ramaswamy
Assets under management: 750 billion INR (US$11 billion)
Revenue: 96.02 billion INR (US$1.3 billion, 2020)
Founded: November 1995
Headquarters: Mumbai, Maharashtra, India
Total assets: 542.8 billion INR (US$7.2 billion, 2020)
Subsidiary: Edelweiss Broking
EDELWEISS FIN SERV - Ascending Triangle with GOLDEN CROSSOVERIn EDELWEISS FIN SERV , A fine ascending triangle pattern is formed. It has already given a breakout from the resistance level with good volumes.
A good amount of accumulation has been observed with the help of volume profile which suggests that strong hands are making positions in the stock. So, we can expect a good move in EDELWEISS FIN SERV. The stock has given a Golden Crossover on a Daily Time Frame.
Currently the stock is trading above the resistance level and might face a rejection at 200 EMA on weekly time frame. But as we can see, the resistance of 87 has now become a STRONG SUPPORT . Hence, we will place our SL below the level. According to pattern projected, initial target in between 134-137. Partial profit booking should be done at this level.
If the stock is able to sustain above 138, then we can expect to see 203 as our next target.
Feel free to comment your doubts. I will be more than happy to clarify them.
Thank You,
Keshaw H. Agarwalla
Happy investing! :)
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.
Chart Study- ABFRL, BHEL, ITC, EDELWEISS, INFRATEL, BOSCHLTDThe analysis done below is purely based on price action & chart patterns.
Double Bottom (W) Pattern is a popular chart pattern in price action trading.
In ABFRL chart (Daily TF) that I have shared here, traders can note that the second bottom is formed above the first bottom. (same is described with help of small image in the chart)
In such cases where the second bottom is formed above the first bottom, the price usually breaks the next resistance level which is above the starting point of "W" pattern. (for clarity, refer the W pattern drawn in the box).
Same has happened in ABFRL twice.
I have observed similar patterns in formation in following stocks -
(1) ITC
(2) INFRATEL
(3) EDELWEISS
(4) BHEL
(5) BOSCH
Weekly Charts of above stocks are posted here with potential targets.
Traders can enter into the trade as per their own setup & risk management.
Also, pls comment the name of any other stock which is forming similar pattern.
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.