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After long consolidation VEDL gave breakout.
keep R:R 1:2 or 1:3
And SL as per risk appetite.
Stock retraced after a rally.now again preparing for up move.Higher bottom and stoch.
reliance go long as per newton method of tradeacademy. combined with fibonacci levels.
Buy on newton line break.stop loss is bar low.
Given closing below 30 DMA. Broke channel support.RSI also in downtrend.Can fall up to its support near 9030
Infosys failed to cross its 200 DMA.MACD and RSI also showing downtrend. Making it a good short candidate.