Prem_Agrawal

Long VEDL

Long
NSE:VEDL   VEDANTA LTD
Long VEDL if Fibonacci Support is Sustained

On 5 Min Charts Support was broken but Trend Line gave Support
The market is trying to bounce back

If Fibonacci Support is sustained markets may show good up move
Max Pain is also at 155 Level
VEDL may show bullish move

So if Support is sustained,

Short 145PE @ 1.075 ( 1 Lot )
Short 150PE @ 2.875 ( 1 Lot )

Comment: Support and Trendline altogether got broken down by a huge Gap Down Opening
Max Pain is still at 150 Strike and PCR is 0.27 which denotes high Bearish sentiment

I am happy we haven't incurred any loss here otherwise this trade would have cost us a boom.

Comments