seekedgetrade

#Vedanta breakout in progress

Long
seekedgetrade Updated   
NSE:VEDL   VEDANTA LTD
Bullish divergence met target &daily rounding pattern breakout in progress and weekly approaching a very wide weekly W pattern breakout neckline. Cautious of a weekly bearish divergence emerging &use tight stop loss at rounding pattern neckline
Comment: bearish momentum divergence in progress and almost met target probably now keep tight stop loss below neckline. There is bullish reverse divergence and change in polarity on daily that could move up if confirmed.

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