Edelweiss: Ready for a Big Run!

🚀 Edelweiss: Ready for a Big Run! 🚀

Current Market Price: ₹136
Stop Loss: ₹115
Targets: ₹159 | ₹195

Key Highlights:
Major Resistance Breakout: Edelweiss broke a significant resistance at ₹122 on 9th September and touched ₹143 before retesting down to ₹102.
Sustaining Above ₹122: The stock is now holding firmly above the ₹122 level, a strong base for further upside.
Fibonacci Support: The 61.8% retracement level at ₹127 strengthens the current structure.
Trigger Point: A move above ₹143 could confirm momentum and trigger a sharp rally toward the targets.
Strategy:
Wait for Confirmation: Monitor closely for a breakout above ₹143 before adding significant positions.
Risk Management: Stick to the stop loss at ₹115 to protect capital.
Staggered Entry: Build positions gradually as the stock confirms upward movement.
📈 Outlook: With strong technical backing and a healthy retracement, Edelweiss could be poised for a substantial run toward its higher targets.

📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.

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