VEDANTA LTDEducation
VEDL Technical analysis
Updated
Reason 1: It is taking support at long time trendline
Reason 2: we could evident a channel pattern which look so strong from the past month.
Reason 3: CONFLUENCE The support line of channel pattern is meeting with long term trendline as you can see in chart.
Reason 4: Emerging of morning star candlesticks right away at the confluence.
Reason 5: we could also spot a RSI divergence in lower time frame (i.e) 30 min or 1 hr
It is purely for educational purpose and one can consider trading at their own risk.
Reason 2: we could evident a channel pattern which look so strong from the past month.
Reason 3: CONFLUENCE The support line of channel pattern is meeting with long term trendline as you can see in chart.
Reason 4: Emerging of morning star candlesticks right away at the confluence.
Reason 5: we could also spot a RSI divergence in lower time frame (i.e) 30 min or 1 hr
It is purely for educational purpose and one can consider trading at their own risk.
Trade closed manually
there was no morning star candlesticks formed at confluence
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.