Chart Of The Day – Edelweiss reverses trend and gains 4.9% post results

Edelweiss Financial reported 53% in PAT YoY beating street estimates. Technically stock is looking weak, trading 38% and 48% below its 50-DMA and 200-DMA respectively, low Price strength of 5 and low Buyer demand of E. The stock gained 4.9% today after losing on six previous sessions.

Edelweiss Financial Services_MarketSmithIndia

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