skbharathi
Long

Vedanta-Ltd,price trying to move out of the symmetrical triangle

NSE:VEDL   VEDANTA LIMITED
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Vedanta             , price is forming a symmetrical triangle pattern .
The price has moved above the falling Trend line ,so the likely trend is upwards
Can it reach the targets of 248/257.5 with stops at 238

Thanks and Regards
Trade active: Target 1 reached with a big white candle (note the body size and relatively smaller wick size) .
Also good volumes seen today.
Can it reach the target 2 258 and move further up to fill the gap zone.
Trade active: Second target of 258 was also achieved and went upto 263 and formed a doji followed by a red candle. Now the stops may be placed at 250 as there is a possiblity of gap fillup after a pullback like this.
Trade active: The price moved further upwards to 269 after a consolidation in 255-260 zones.
Now the gap is filled.
The price may try to move towards the previous high of 275 or it may face resistance in the gap zone.
The stop is now moved to 260
Trade closed: target reached: -The price filled the previous gap zone and made a high of 283. Target reached successfully.
Thanks and Regards
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