VEDANTA - On support with Inside Bar - Ascending Triangle

15 Jul 2020

#Vedanta is moving under Horizontal channel and now creating the small Ascending Triangle.
Today stock closed above support trendline and created the Inside Bar with 7 day narrow range candle. You can see reversal in tomorrow trend.

Showing Mix result in Technical Parameter:
CCI were trending down but now reversing
RSI were trending down but now reversing
ROC is treading UP
William R% is treading UP
ATR is decresing since 5 day
New Long
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Support : 105 and 102
Breakdown : 107 (OR Gap down opening)
LTP : 109.10
Breakout : 111.45 (OR GAP UP opening)
Short Target : 114.65 and 120
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Positive & Negative Point:
1) Bullish in Daily chart
2) Neutral in Weekly Chart
3) Very bearish in monthly chart
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(Disclaimer: This is only for educational purpose and paper treading.)

16 Jul 2020

Dagangan aktif

reversed from level 105.80 Didn't touch 105