Vedl !! SEEMS Good ....Shorting position ....... there are 3 supply Zones possibility!!
If Nifty tends to Go Down then .....these Supply zones will effectively React .....
VEDL trade ideas
Vedanta - Another Pull Back Candidate Vedanta moving in a range for sometime now ... Pullback to 152 possible ... but bullish only above 155... keep a watch ...
VedlVedl shown as a downtrend on monthly,weekly,as well as on hourly time frame...but here find a good opportunity to buy above 157 area on closing basis...this area find as a conflict area between weak resistance and tend line...time to buy above leval for target 175
Sell Trend - VEDLAs per my view, the breakout wil happen at 5th entry in channel at downside and sell continues.
Use ABCD pattern to fix target at Fibonacci 127.2 and second target should be at Fib 161.8.
