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WAIT FOR A PULLBACK TO ENTER LONGS IN VEDL
VEDANTA LTD
Penjualan
WAIT FOR A PULLBACK TO ENTER LONGS IN VEDL
Oleh eastwind65
Ikuti
Ikuti
14 Agu 2021
3
4
4
14 Agu 2021
VEDL had a successful breakout on 29.07.21 and would have given around Rs 60 profit. Since the stock is an uptrend would it be prudent to enter now.
My thinking is since the stock has given a good profit in the push phase we should wait for a pull back to enter fresh longs.
Also we have a negative divergence. So wait and watch before committing to fresh longs.
Chart Patterns
Demand Zone
negativedivergence
pullback
pullbacktrade
Trend Analysis
eastwind65
Ikuti
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