VEDL | Bullish Channel | Rising Wedge | Short Term Trade

Updated
VEDl formed billish channel or rising wedge . Wait for breakout it may take time as energy sector shows slowdown , 1st target = 148.20 and 2nd target = 171.55 target is totally based on resistance levels
This stocks hold a Major Support Zone .The Lot size = 6200
For early entry prefer daily chart .
118.55 can act as a reversal area . RSI is also supporting
Note
62,000 profit running per lot
Note
because of delisting it fell like this but now it's rejected
Note
1 st target is reached
Trade closed: target reached
2nd target is reached
Head and ShouldersTechnical IndicatorsParallel ChannelVEDL

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