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QuackStocks
Apr 2, 2023 8:16 AM

neutral to bearish tone 

VEDANTA LTDNSE

Description

VEDL is neutral at the moment with both bullish and bearish signs

1. a long term 600%+ rise - bull
2. 51 % correction from top - bear
3. classic bull divergence between rsi and price - bull
4. minor hidden bearish divergence between rsi and price
5. a down flag/pennant consolidation
6. RSI is in downtrend

the price is moving with contracting bases challenging the resistance forming an ascending triangle but it got invalidated by a sharp fall, a sell on rise till the resistance taken out decisively.
Comments
dharmangjoshi101
I bought at 301 levels should I hold till ex-dividend date or should I take exit
I am totally confused in this stock
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