VEDANTA may enter the channel again after v-shape recovery
Stock was trading in a perfect uptrend channel where it saw a downward breakout
Stock crossed 100-dma and recovered from thereon with a V-shape sharp recovery
Might be a pull back which will be a result of a downward break-out
But i believe the pull back might not end till it reaches the level of 50-dma (currently at 325)
resistance level @ 314
support (strong) @ 306
TRADEVIEW
Method scalping
Enter @ 314.30
Stop @ 313.30
Target @316
NOTE;-
"Enter only at 314.30"
limit order
Stock crossed 100-dma and recovered from thereon with a V-shape sharp recovery
Might be a pull back which will be a result of a downward break-out
But i believe the pull back might not end till it reaches the level of 50-dma (currently at 325)
resistance level @ 314
support (strong) @ 306
TRADEVIEW
Method scalping
Enter @ 314.30
Stop @ 313.30
Target @316
NOTE;-
"Enter only at 314.30"
limit order
Note
Hard luck we missed by 0.30 points for scalping lower created was 314.65 our entry was 314.30 market bounced and has reached 316 again.Note
One can still execute the longs where metals are looking strongStop @ 313.65
Target @ 320
current price 315.40
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