Edelweiss Financial Services – 14.02.2018.

Daily Sentiment: Bearish.

Weekly Sentiment: Bullish.

Trend Strength: Strong

First Target: 229 (Support zone)

Two potential bearish scenarios are: fall from Pivot point; fall from Resistance zone.

If there is close above Pivot point then most likely EDELWEISS will try to reach Resistance zone.

If Resistance holds we should see fall towards 229.

If there is close below 229 further weakness is more likely.

Bullish scenarios: close above resistance zone and rise towards highs; close above highs and further rise.

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