Systematix Shares is bullish on Edelweiss Financial Services and has recommended traders to buy the stock for target price of Rs 63 in its research report dated June 05, 2014.
"Edelweiss Financial Services has opened at 51.25 with heavy volumes & Gradually Volumes picked up; The RSI is 81.32 with Positive Crossover & MACD 5.59 Whereas William R% of ‐0.01 remains in Heavy buying zone. Considering the Positive close at 56.15, the stock is about to move up and from these levels and will continue to upwards Move and technically we can say the stock will further Move up for a day or two. Also the Volumes were good. Traders can buy at or above 56 with a stop loss of 54.85 for a target of 63", says Systematix Shares research report.
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To read the full report click here
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