Monthly - 1- It is downward channel. 2- Higher High and lower low in last 3 month 3- RSI cmp from over sold territory Weekly : 1- Macd and RSI are positive 2- Made big candle after 2 week consolidation 3- VEDL has strong weekly resistance Near 125.30
Daily :
1- RSI above 70 Little bit overbougth 2- Volume in upward cruve 3- Crossed Important Resistance (97.90) 4- From last four days making higher High and Higher Low 5- Macd is not inc arsing but positive 6 Today crossed 100 DEMA with almost double volume 7- 125 is reistance weekly-200 MA and channel as well :
Plan buy in deep with stoploss of 97.90 closing base and exit Near 120-125 try to buy some put Near 125-130
Pattern :
Ascending tryangle breakout occured Breakout height is 35 rs/-
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