VEDL Chandi Jaisa Rang Hai Tera Ghode Jaise Chal
VEDANTA (Shines like Silver & runs like a Horse)
VEDL is in a Bullish impulse wave since Covid bottom & did a golden retracement in wave 2 in from 440.75 in April 2022 to 208 in Sept 2023 now Wave (3) has started & we are about to complete wave 1 of (3) what should follow is Wave 2 correction in Wave (3) so 560-570 should be levels to be cautious on upside for a pullback of the impulse started from Sept 2023 bottom.
The larger structure remains bullish a 3 wave or 7 wave pullback will be the zone to create fresh longs.
(Note VEDL is positively correlated with silver which is also in bullish structure)
VEDL is in a Bullish impulse wave since Covid bottom & did a golden retracement in wave 2 in from 440.75 in April 2022 to 208 in Sept 2023 now Wave (3) has started & we are about to complete wave 1 of (3) what should follow is Wave 2 correction in Wave (3) so 560-570 should be levels to be cautious on upside for a pullback of the impulse started from Sept 2023 bottom.
The larger structure remains bullish a 3 wave or 7 wave pullback will be the zone to create fresh longs.
(Note VEDL is positively correlated with silver which is also in bullish structure)
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