Vedanta

٦ يونيو

Break & Retest of the neckline happening. Stoploss is just over 10% with good upside potential due to long-term breakout possibility. Three concerns are there, first, weekly RSI above 80, second, we have a resistance just above the breakout level and third, stock has moved significantly in it's current push phase so a consolidation can't be ruled out before the next bull run above resistance.

Disclaimer : Intended for educational purpose only and it's not a buy or sell recommendation.