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ontropronor06
Jun 8, 2021 9:01 AM

Pennant Pattern on VEDL Daily 

VEDANTA LTDNSE

Description

RSI is testing 50 line. MACD is not posting. Wait for breakout. and Indicators to turn positive.

Trade active

Longs can be taken now also as VEDL has recovered from the oversold region on RSI.
Comments
foreignFerret47269
vedanta 280 call, buying price was 13, today(8.6.21) closing price was 7.75, wht should i do.. (June expiry)
ontropronor06
@foreignFerret47269, Stock Trading in a range, For a positive move breakout has to happen soon For your contract to be in profit. No positive signal yet on chart.
But there is some positive news about VDEL taking over videocon. Still, you have at the beginning of the month that's why premium paid is too high.
Don't hold this option below 260 in the spot market. Only breakout on the chart turn it into profit now.
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