Technical Positional Pick - Buy Edelweiss Financial Services Ltd For Target Rs. 83 - HDFC Securities
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Technical Positional Pick - Buy Edelweiss Financial Services Ltd For Target Rs. 83 - HDFC Securities
TECHNICAL OBSERVATIONS
The financial stock (Edelweiss Financial services Ltd) as per daily chart was moving in a sustained uptrend over the last couple of months.
We observe a formation bullish sequence like higher tops and bottoms over the period of time.
After the formation of triangle type formation in the last 10-12 sessions, the stock price is currently placed at the edge of its upside breakout around Rs 76 levels.
Weekly 14 period RSI has turned above 60, which is positive indication.
The overall chart pattern of EDELWEISS indicate long trading opportunity. One may look to create positional long as per the levels mentioned above.
Buy Edelweiss Financial Services Ltd Up to 3 Months @ Add on dips 70.50 CMP 74.95 TGT 83 SL 69
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