PR5999
Long

VEDL having strong RSI

NSE:VEDL   VEDANTA LIMITED
98 6 2
VEDL             having strong RSI showing uptrend from here..SL 217 , Target 250+. Kindly share your view on this..
Trade closed: target reached
Got news that forecast result is good on Monday.. Crossing fingure that will help stock to move ahead..
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Also watch it respects 200DMA and dont short at this level
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If u draw trend line current price has broken it down so I guess it's down trend still till 208 before it actually starts to move up. Today it tried to go up but failed I consider it as weakness. Also before saying that it is strong I ll wait till RSI crosses 55-60 mark
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PR5999 nanosoft
@nanosoft, may be but untill that u lost the rally.. so in market risk should be taken...With minimum damage...
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@PR5999, u r correct
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PR5999 bearishbull1968
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