After correcting from the levels of almost 160 continuously vedl has given a positive weekly candle close in the previous week closing abv 60. Still the last week's high is acting as a resistance and selling is coming at that level. Expect that the stock is trying to give a breakout and in such scenario's often the long are first cut out by a steep decline and the a bounce is given . Such pattern suggest a flag making and can make a sharp rise if given weekly closing abv last weeks high. :)
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VEdl up 12% from breakout of 67 :)