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Price and trend forecast of EDELWEISS for Tomorrow, Weekly, Monthly

Edelweiss Financial Services Limited

Symbol: NSE:EDELWEISS

ISIN: INE532F01054

64.64

As on 2024-07-24

43.70 (52W Low) 87.80 (52W High)

EDELWEISS's Today's Performance

Edelweiss Financial Services Limited started the day by opening at 62.50 today 2024-07-24. Its shares reached a high of 64.86 and dipped to a low of 62.11 in intraday. When the markets closed, EDELWEISS’s stock price settled at ₹64.64 per share. Also check out its key support and resistance levels.

EDELWEISS Buy/Sell Targets

Tomorrow, buy EDELWEISS when its price reaches ₹ 64.64 with a stop-loss order at ₹ 63.20. You can set the target price as ₹ 66.08 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of EDELWEISS for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for EDELWEISS

Downside Targets Value in ₹
Tomorrow Down Target 1 66
Tomorrow Down Target 2 67
Tomorrow Down Target 3 68

Important Levels for EDELWEISS

Holding Levels Value in ₹
Tomorrow Up Target 1 63
Tomorrow Up Target 2 61
Tomorrow Up Target 3 60
Based on where the stock opens tomorrow, if EDELWEISS opens on a positive note, our first target will be ₹66. If Target 1 is achieved, we will aim for Target 2 which is ₹67.

But if EDELWEISS falls below the average value of ₹63.87, you can enter a sell side position with target number 1 - ₹63 and second target - ₹61 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of EDELWEISS

Looking at EDELWEISS, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, EDELWEISS has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for EDELWEISS is moderate bearish.

Tomorrow's Volume based share price Forecast for EDELWEISS

EDELWEISS's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -61%.

Reversal detection for EDELWEISS

Predicted trend chart of EDELWEISS tomorrow for price forecast
EDELWEISS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹62 in morning tomorrow
Target 1 tomorrow65
Target 2 tomorrow66
Target 3 tomorrow67
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with EDELWEISS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if EDELWEISS opens on a positive note, our first target will be ₹65.63. If Target 1 is achieved, we will aim for Target 2 which is ₹66.62.

But if EDELWEISS falls below the average value of ₹63.87, you can enter a sell side position with target number 1 - ₹62.88 and second target - ₹61.12

EDELWEISS's Weekly Targets
1st Up Target 66.53
2nd Up Target 68.42
1st Down Target 61.08
2nd Down Target 57.52

As the week for EDELWEISS ended on bullish sentiments, we can expect further continuation of this sentiment. EDELWEISS's initial target will be 66.53 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 61.08 in the upcoming week.

Weekly OHLC Values
Open 61.16
High 64.86
Low 59.41
Close 64.64

Week for EDELWEISS started with an open price of 61.16, and the close was at 64.64. EDELWEISS reached the highest of 64.86 and dipped lowest up to 59.41 last week. This indicates a bullish sentiment for the week.

EDELWEISS full month swing targets
Monthly Up Target 1 71.98
Monthly Up Target 2 73.87
Monthly Down Target 1 55.63
Monthly Down Target 2 46.62

Targets of ₹71.98 can be expected to be reached in the coming month. Once EDELWEISS achieved this target, we can aim for the next upside target of ₹73.87.

EDELWEISS if fails to hold upside, down targets of ₹55.63 and ₹46.62 can be achieved by end of this month.

For complete three weeks if EDELWEISS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as EDELWEISS

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

EDELWEISS is expected to reach the target of 65.63 in tomorrow's trading session.

After achieving the initial target in EDELWEISS, we will aim for higher targets of 66.62 tomorrow.

However, if EDELWEISS starts to trade below ₹63.87, then we will shift our focus to the sell side and aim for down targets of 62.88 and 61.12.