thepranam

SWING IDEA - EDELWEISS

Long
thepranam Updated   
NSE:EDELWEISS   EDELWEISS FIN SERV
Stock is re-testing its 52W high.
On a Multi-Year Breakout zone.
Good increase in volume as well.
Weekly closing above 82 could take the stock up further high.
Keep close watch on stock.
Trade closed: stop reached:
Stock has failed to maintain levels above 82, which was needed in order for its move upward.
RBI Order against Edelweiss and Election Poll outcome has interfered its momentum.
DO NOT take any more entries from here as it can only get worse with the major resistance formation at 82.
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