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seekedgetrade
Aug 16, 2021 10:38 AM

#Vedanta breakout in progress Long

VEDANTA LTDNSE

Description

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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