Edelweiss Fin Serv outlook on 19.12.21
Chart on WTF and self-explanatory.
On weekly time frame, a golden cross over…. 50 DMA moving from below and crossing 100 DMA. But, the downtrend is not clearly bottomed out as evident from the chart and likely to continue.
100 DMA is support now and around Rs.71/-. If this breaks, it is likely to fall further & next support is around Rs.60/-.
Current momentum is downward.
Chart is prepared for educational purpose only.
On weekly time frame, a golden cross over…. 50 DMA moving from below and crossing 100 DMA. But, the downtrend is not clearly bottomed out as evident from the chart and likely to continue.
100 DMA is support now and around Rs.71/-. If this breaks, it is likely to fall further & next support is around Rs.60/-.
Current momentum is downward.
Chart is prepared for educational purpose only.
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