Hii Guys I am thinking of shorting NSE: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 NSE:VEDL ?
As per Heiken-Ashi candles one day chart, there should be a downtrend in NSE:VEDL
& There is support at 60Rs...
I joined some Telegram group Which give Buy & Sell Calls there I saw Sell Call for NSE:AMBUJACEM .
So I looked at chart to know to understand.
First I saw Heiken-ashi Which is showing Two Green Candle without tails so it should indicate the Bullish trend ahead.
But then Noticed a Flag Pattern also.
I am Not sure now but i think stock should go down around 60...
Just Started learning about patterns & while looking at chart of Nifty 50 I found a pattern ( I think I found )which looks like Ascending Triangle.
If valid Ascending Triangle is formed then at- least there will be rise of 800 points.
Well I am new to trading stuff so please if you find any mistakes correct me.
