Edelweiss (NSE) (1W)- Rounded-Bottom base Edelweiss Financial Services LimitedNSE:EDELWEISSDr_BeanPrice Action The stock has formed a rounded-bottom style base after a prolonged downtrend, signaling a potential reversal. After testing the overhead resistance zone (around the ₹142–143 area), the price retraced slightly and is now consolidating near the short-term pivot (~₹116.5) while remaining well above the larger structural support. The current action suggests the stock may be preparing for another leg higher if it reclaims the immediate resistance; alternatively, failing to hold the larger support would weaken the bullish case. Key Levels Support Zones: ₹116.51 (immediate pivot / near-term support — important for short-term momentum). ₹103.39 (stronger structural support — essential to hold for the bullish case). Resistance Zones / Upside Targets: ₹129.64 (first resistance / near-term upside target). ₹142.77–₹143.36 (key resistance zone — decisive area to confirm a breakout). ₹155.89 (next upside target if the 142–143 zone is cleared). ₹169.02 (extended target following a sustained breakout). Volume Analysis The volume profile shows meaningful buying interest during the recent recovery — visible as a large green volume spike in recent bars. The chart header shows volume figures around 43.61M (and 35.36M on the moving average), indicating notable participation. Volume has eased during the current consolidation, which often precedes a directional move (expansion of volume on a breakout would confirm strength; heavy volume on a breakdown would indicate distribution). Trend & Momentum Short-term trend: Sideways to mildly bullish, consolidating around the immediate pivot (~₹116.5). Medium-term trend: Moderately bullish — the rounded-bottom base suggests higher probability of upward continuation if resistance is overcome. Momentum: Neutral-to-positive. So long as price stays above the structural support at ₹103.39 the medium-term bullish bias remains. A convincing close back above the ₹142–143 zone would materially strengthen momentum. Conversely, a decisive break below ₹103.39 would shift momentum negative. Possible Scenarios Bullish Case: A sustained break and close above the ₹142.77–₹143.36 zone would likely open a run toward ₹155.89 and then ₹169.02. Volume expansion on the breakout would add conviction and could push the stock toward the higher targets. Bearish Case: If the price fails to reclaim the overhead resistance and instead breaks below the structural support at ₹103.39, the rounded-bottom thesis would be invalidated and the stock could fall further. A sustained move below ₹103.39 would indicate a deeper correction. Overall Bias: Cautiously bullish. The chart shows a rounded-bottom recovery and recent buying interest, but the stock is facing a clear resistance zone in the ₹142–143 area. As long as the larger support at ₹103.39 holds the medium-term bias remains bullish; a confirmed breakout above ₹142–143 would increase targets toward ₹155.89 and ₹169.02. ⚠️ Disclaimer: This chart is for educational purposes only. Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.