VEDANTA LTD
Long

Shoulder Breakout in VEDL

On a daily chart VEDL has just broken its previous shoulder and forming its rising shoulder pattern which is a bullish pattern. Short term trader can go long with stop loss at 73.80 and long term investor can maintain their stop loss at 65 which is a very strong support zone. Tripple bottom pattern has been formed at this price. Even the near term resistance is 83% far away from the current level which is at 161.
VEDL

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.