vedanta news influence and price manipulation
as we can see in the daily time frame there is a descending channel pattern formed. and right now it is at the lower low so we can buy it. and in the weekly frame it is forming a "w" which signifies a bullish pattern.
news: with the news perspective wehn ved was at 250 the news of devidend was so influencing that every retailer was buying ved at any price. once it has reached 330approx the fraud news and foxcon cancel deal ame in picture. it affect the stock price by 100 rs. now if see in news everyone is talking about sell vedanta. but when we see in the tech chart in 1 day and 1 week time frame both the time frame is showing bullish patterns. so, its a clear picture of influence of news on retailers for buy at high and sell at low.
news: with the news perspective wehn ved was at 250 the news of devidend was so influencing that every retailer was buying ved at any price. once it has reached 330approx the fraud news and foxcon cancel deal ame in picture. it affect the stock price by 100 rs. now if see in news everyone is talking about sell vedanta. but when we see in the tech chart in 1 day and 1 week time frame both the time frame is showing bullish patterns. so, its a clear picture of influence of news on retailers for buy at high and sell at low.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.