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VEDANTA | Ascending Triangle

NSE:VEDL   VEDANTA LTD
Ascending triangle pattern observed in Daily time frame. Purely from pattern standpoint it suggests confirmation for a possible Bull trend. However, looking closely at recent price action and Fibonacci levels, 170-174 looks to resist an up move. Hence a daily close above 174 would make the case for Bulls stronger. Alternatively, based on one's individual risk ability one can consider short with stop above 175.

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