Shorting VEDL

Hii Guys I am thinking of shorting VEDL in positional Trade

My Entry Point Will Be at 75 Rs
My Stop Loss Will be 80 Rs
& Finally, my target will 60Rs Or when I see two green Heiken-Ashi candles with no tail.

Why Am Shorting VEDL ?

As per Heiken-Ashi candles one day chart, there should be a downtrend in VEDL
& There is support at 60Rs which has been tested twice.

Let me know what you think about my Idea.

I am New so maybe I am making a mistake so please comment & let me know.



Trend Analysis

Disclaimer