VEDL has given two candle stick patterns at the top of an uptrend indicating shorting opportunity. Stock was in an uptrend and got rejection from 200 days EMA on 19th Nov and formed a shooting star candle. The next candle was a bearish dark cloud cover candle. These two are indicating short for VEDL.
Short VEDL @ CMP (Safe traders can wait for Monday's candle to be bearish and take entry at EOD)
Target: 92 (Immediate support)
SL: 116.85 (High of shooting star candle)
Please share your views on this
Short VEDL @ CMP (Safe traders can wait for Monday's candle to be bearish and take entry at EOD)
Target: 92 (Immediate support)
SL: 116.85 (High of shooting star candle)
Please share your views on this