WAIT FOR A PULLBACK TO ENTER LONGS IN VEDL

١٤ أغسطس ٢٠٢١

VEDL  had a successful breakout on 29.07.21 and would have given around Rs 60 profit. Since the stock is an uptrend would it be prudent to enter now.

My thinking is since the stock has given a good profit in the push phase we should wait for a pull back to enter fresh longs.

Also we have a negative divergence. So wait and watch before committing to fresh longs.