Sunday, August 8, 2021


If we talk about Edelweiss then it is principally engaged in the business of providing investment banking services and holding company activities comprising of development, managerial and financial support to the business.

As per the chart, the trend was down from 2018 and recently stock has confirmed trend change. On the monthly chart, the breakout has been done to Cup & Handle and volumes are huge of last two-three months. It is a green signal of a U-turn, the stock is trading at the bottom and it is a good opportunity to seat in this train. Also, the fundamentals are looking growing.

  • The company has reduced debt and the P/E ratio is 16.
  • Yearly net profits are growing.
  • FIIs are maintaining their shareholding around 33%.
  • The company has started a wealth management business.

NAVKARCORP: If Navkar Corporation is engaged in providing Container Freight Station (CFS) facilities and Inland Container Depot (ICD) and is focused on capitalizing the available opportunities in the logistics space in western India.

On the larger chart, we can clearly see an Inverted H&S breakout with good volumes. We can say it is bottom out confirmation for the long term. While the first lockdown almost all stocks have fallen 30-40% and this stock too however it has sustained above support. Now it is ready to fly and resistance is around 150 i.e. 200% from current levels. The company is improving by fundamentally so we can keep eye on it for more up moves.

I am bullish on both from current levels.



Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.