nirav5

Potential Bearish Cypher on VEDL

NSE:VEDL   VEDANTA LIMITED
82 0 6
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.
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.
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