Monthly -
1- It is downward channel.
2- Higher High and lower low in last 3 month
3- RSI cmp from over sold territory
Weekly :
1- Macd and RSI are positive
2- Made big candle after 2 week consolidation
3- VEDL has strong weekly resistance Near 125.30
Daily :
1- RSI above 70 Little bit overbougth
2- Volume in upward cruve
3- Crossed Important Resistance (97.90)
4- From last four days making higher High and Higher Low
5- Macd is not inc arsing but positive
6 Today crossed 100 DEMA with almost double volume
7- 125 is reistance weekly-200 MA and channel as well
:
Plan buy in deep with stoploss of 97.90 closing base and exit Near 120-125 try to buy some put Near 125-130
Pattern :
Ascending tryangle breakout occured Breakout height is 35 rs/-
Approx Target is : Near 130
1- It is downward channel.
2- Higher High and lower low in last 3 month
3- RSI cmp from over sold territory
Weekly :
1- Macd and RSI are positive
2- Made big candle after 2 week consolidation
3- VEDL has strong weekly resistance Near 125.30
Daily :
1- RSI above 70 Little bit overbougth
2- Volume in upward cruve
3- Crossed Important Resistance (97.90)
4- From last four days making higher High and Higher Low
5- Macd is not inc arsing but positive
6 Today crossed 100 DEMA with almost double volume
7- 125 is reistance weekly-200 MA and channel as well
:
Plan buy in deep with stoploss of 97.90 closing base and exit Near 120-125 try to buy some put Near 125-130
Pattern :
Ascending tryangle breakout occured Breakout height is 35 rs/-
Approx Target is : Near 130