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ReviveTraders
Sep 7, 2020 7:44 AM

VEDL | Bullish Channel | Rising Wedge | Short Term Trade  Long

VEDANTA LTDNSE

Description

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

Comment

62,000 profit running per lot

Comment

because of delisting it fell like this but now it's rejected

Comment

1 st target is reached

Trade closed: target reached

2nd target is reached
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