Buy Edelweiss at 460 or 470: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com in an interview with ET Now talks about Edelweiss.

Technically where do you see Edelweiss headed?

I think that the breakout happened at around 460-465 kind of levels and its run up very smartly today itself. If you get a chance to buy it again at 460 or 470 it would make a good risk to reward ratio.

On the upside I guess 525 and 540 look like targets for Edelweiss. Volumes tend to dry up on Edelweiss on the days when it is consolidating so the fact that today you are trading 4 lakh shares on the BSE you could see it trading just hardly 10,000-20,000 shares over the next few days when it consolidates.