Stock - Vedanta #VEDL (CMP : 445)
View - Negative
📉 Trendline Break: Price has broken below the ascending trendline, indicating a possible trend reversal.
🔻 Symmetrical Triangle: The formation of a symmetrical triangle pattern, with the price breaking downward, suggests a bearish breakout.
🔴 Bearish Candlesticks: Recent large red candles indicate strong selling pressure.
📊 High Volume: Increased volume on down days confirms the selling strength.
⚠️ Support Breach: Price has fallen below the ₹450 support level, which may now act as resistance.
🎯 Stop Loss & Target: Stop loss around ₹466 (red zone), target around ₹405 (green zone), offering a favorable reward-risk ratio.
For Educational Purpose Only.
View - Negative
📉 Trendline Break: Price has broken below the ascending trendline, indicating a possible trend reversal.
🔻 Symmetrical Triangle: The formation of a symmetrical triangle pattern, with the price breaking downward, suggests a bearish breakout.
🔴 Bearish Candlesticks: Recent large red candles indicate strong selling pressure.
📊 High Volume: Increased volume on down days confirms the selling strength.
⚠️ Support Breach: Price has fallen below the ₹450 support level, which may now act as resistance.
🎯 Stop Loss & Target: Stop loss around ₹466 (red zone), target around ₹405 (green zone), offering a favorable reward-risk ratio.
For Educational Purpose Only.