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Saturday 24 June 2017

VEDL - No trade Zone - Analyzing Possibilities of further move


Primary View - Sideways Action - Both side open - 
Study of Elliot wave suggest sideways to bearishness until upside break of 250 level. Above 250 will be Bullish zone... which support on my secondary view on next chart.
Below 220 is bearish zone which support wave analysis. 
Between 220 -250 is no trade zone as per me.... Better to stay away between these zone. 



Secondary View -  It is simplest technical pattern approach of base formation seen bottom which might conclude to move of previous swing high if break above 250. 


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