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Goldencrossover

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! :)
NSE:EDELWEISSLong
by Keshaw_Agarwalla
1
APD repeating yearly pattern, golden cross into bull run??Hi. In this 1D chart I've plotted out the price increase of 2019 and 2020, marked their golden crosses in the first halves of the year and placed the resistance line from 2020 that the current golden cross could indicate will result in the price breaking through and rising past it during this year. Keep in mind that the fundamentals of APD are also very good. Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods. This does not constitute financial advice. Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:APDLong
by Kabeldon