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
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.