if PDL (previous day low) is broken or if red line drawn is breached, then weakness may be seen in this stock. It could be shorted intraday as well as positional too.
Can it be shorted when its low is breached? Red line breach may take it further down.
If metal melts tomorrow, then it would a good shorting opportunity.
Let's see what happens.
There may be short opportunity in Vedl as per the given chart trends.
It may go towards lower channel once red horizontal line is breached.
One needs to dig more about metal sector to check fundamentals of it.
Global events related to metals may affect the move.
![JINDALSTEL: [INTRADAY SHORT] JINDALSTEEL](https://s3.tradingview.com/p/pVExMPrE_mid.png "[INTRADAY SHORT] JINDALSTEEL")
![TATAELXSI: [INTRADAY/POSITIONAL SHORT] if swing low is breached](https://s3.tradingview.com/r/reGCWZnj_mid.png "[INTRADAY/POSITIONAL SHORT] if swing low is breached")
![VEDL: [SHORT]](https://s3.tradingview.com/l/ly50xTTG_mid.png "[SHORT]")
