011 Edelweiss Financial Services Limited Uptrend, 86 and then ne

Edelweiss Financial Services Limited
The Edelweiss Group is one of India's leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss's products and services span multiple asset classes and consumer segments across domestic and global geographies.


- Monthly
- Its still a downtrend, and consolidation as decending triangle
- Neck line of descending triangle is at 86.00
- This is an early entry expecting it will complete the descending triangleformation and breakout will be an uptrend
- From the OBV chart it is a breakout to the previous volume high

Weekly
- The Big resistance was at 86
- The next level to watch is 146
- IF we consider the breakout target as per descending triangle height it is 50 points, so after a clean breakout it is likely to touch to 140 level.
- From Volume Chart this week is high volume inflow I am expecting it to continue for couple of weeks


Daily
- is a slow movement, need some good news or sector news for clean breakout will wait for next few weeks
- The level to watch is 86, if it closes above 86 then its good to buy again up to the target of ~ 150

I am in for the weekly uptrend . Will keep you updated.

https://www .tradingview. com/x/lZitXhCW/

Thank You!!
Avinash Sawant