Vedanta- Dangerous Tube (Safe inside the Tube)

Nov 14, 2016

Till the time it keeps moving in the tube which it did since bottom@58- it is good as soon as it leaks out of the tube that will 1st sign of worry for Vedanta.
20 period moving average has given good support at 195- so, any close below 195 will be the first sign of weakness.
Also at previous resistance zone 230-235 should be crossed & sustained for the next leg upside.

So, Let Vedanta cross 230-235 zone & sustain to give us a feel that -it can move further upside.

Nov 15, 2016

Trade active

10:45 Hrs 15th Nov2016

Day's High@230

Last Price@220

Zone 230-235 acted as resistance for the day- will the tube leak- let us wait & watch.

Nov 15, 2016

Trade active

15:30 Hrs 15th Nov2016

Closed at 209.75

Nov 21, 2016

Trade active

17:02 Hrs 21st Nov2016

Day's Low@192

Closed@197.50

The Channel Leaks..down