Vedenta @ Rs. 144.1
Vendenta Ltd. is at Good Location to buy , It has potential to raise Rs.157.5. has potential profit of 157.5 -144.1 = Rs. 13.4 or 9.29 %
hold for one week.
Timeframe : Daily
1) Range bound in monthly and weekly chart.
2) In day chart making HH for upward move in range.
3) Perfect candidate to form Double top near 1530 range.
4) Double top neckline 1250.
5) If DT neckline broken can go till 973 which is coinciding with weekly and daily support.At max can go till 920(monthly support).
Short @ 1530
Key resistance zone
Bat pattern completion on higher time frame
Would see some major pullback soon
Stop loss should not obvious
Follow if analysis is working or comment If not
Suggestions are welcome !!!
Just here spread good message among trading community