As can be observed that the stock has been bouncing from supports and retracing back from resistance. Currently it is at resistance levels. Those who were interested in support resistance play sold at resistance this time also. It would be interesting to see how stock behaves near the "Quarter Moon" Support levels.
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Zoom in or Zoom out the chart to see how stock takes support at the quarter moon.
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Will it take support @ 233-232 or fall back to 226?
Will it take support @ 233-232 or fall back to 226?
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VEDL might not sustain..may touch 230 soon.
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You know the levels so Plan ur trade as you like.
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Stock just breakout of the pattern. Although many negative indications can be seen on price volume front, holding it above the trendline could reap some more benefits.
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Whether it will rise up again or not? Only the future price action will tell us.
JJ Singh
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Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020