This is a Simple Price Action Analysis of $NSE:VEDL.
In
VEDL
Price has broken the downtrend and started a new Up-Trend by creating Higher Highs and Higher Lows.
As a W-shaped recovery is forming, my expectation is Price will go up to 857.20/- (Based on Fibonacci calculations)-. This will be approx. 262.45% Return on Investment.
We can Buy on every Dip and Hold for the First Target - 495/- and the Final Target - 857.20/-
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
In
VEDL
Price has broken the downtrend and started a new Up-Trend by creating Higher Highs and Higher Lows. As a W-shaped recovery is forming, my expectation is Price will go up to 857.20/- (Based on Fibonacci calculations)-. This will be approx. 262.45% Return on Investment.
We can Buy on every Dip and Hold for the First Target - 495/- and the Final Target - 857.20/-
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
