freshtrader

VEDL , Strong Downtrend visible

freshtrader Updated   
NSE:VEDL   VEDANTA LTD
Wait for crossing 285 and 294 with strong volumes. otherwise it just oscillate , more chances to downtrend.
Comment: Still waiting for the breakout. The judgement day is 17th as all the confusions probably cleared by then.
Comment: Today Vedanta registered approximately 50% delivery :) ...good sign for upmove.. Lets see how it reacts
Comment: Hearing all bad news today ... I dont see any positive energy for bulls :(
Comment: Trading outside the triangle in downward direction ... downward may continue upto 260 before expiry.
Comment: almost reached 260 and bounce back. Still weak of course
Comment: took support from 240 ... will rise slowly .. by May expiry it may reach to 265 by MAX.

No hope for me.
Trade closed manually: loss 2lacs (200000/-)
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