VEDL short setup

Short VEDL below 301

T1: 290
T2: 282
T3: 275

SL: 314
Order cancelled: Trade not triggered due to gap down. Still going as per our analyis


inside day has formed in the daily chart and the candle retraced around 50% of the candle stick pattern of the previous-day and closed at and near the high of the day, so odds of going against the trend i feel very insecure and challenging. and apart from that there is volume spike on the previous day and retraced 50% of the previous candle it seems that 303 is important low it has put in, and you can see good volume. but break below 303 consistently can go for short. to the target of 298 to to 290. otherwise break above 309.75 push it towards 319 and odd levels. i felt this way. inside candle pattern are neutral and the chart is showing initial stages of uptrend , . i will keep the kstock in my watch list to trade, nice idea. thanks for posting
+1 Reply
k314 nalinakshi
@nalinakshi, Thanl you for sharing your analysis :)
you were right,
today your sell call may get activated, if it falls belwo 303
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