Vedanta - buy setupNSE:VEDL currently at about 160.95 looks to be forming an uptrend making higher highs and higher lows as indicated in the chart over the price action
Note this is a trade set up to go long. I would like to wait for price make a higher high first in this move (close on daily charts above 166 levels) and then hopefully retrace and make higher lows (should close above 144 levels) and then we are good to go long, hopefully we will have a 3rd touch on the RSI line too and confirm our buy opportunity
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VEDL trade ideas
VEDL - Trend line ResistanceVEDL is Currently reacting to the Resistance created by the Trend Line.
The candle patterns suggest a recurring selling pressure arising from this Level.
Also, there is a Bear Sash pattern here (Marked in arrow), indicating that the stock has prepared for a down move in the coming days.