Potential Bearish Cypher on VEDL
Updated
There is a possibility of Bearish Cypher in the hourly chart of VEDL.
The potential reversal zone is between 245 - 248. Although earlier many times VEDL price action has faced resistance in that zone, this time it can go up as well.
Keep a watch in that zone. Kindly initiate the trade only after confirming the reversal signal.
The potential reversal zone is between 245 - 248. Although earlier many times VEDL price action has faced resistance in that zone, this time it can go up as well.
Keep a watch in that zone. Kindly initiate the trade only after confirming the reversal signal.
Trade active
Vedl made a high of 246.90 and started coming down. Sl - 248.5
Target 1 - 242
Target 2 - 238
Trade closed: stop reached
SL reached. One can create long only after it crosses above 250 and sustains.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.