VEDL - Will the breakout sustain this time?
On Weekly, script has successfully closed above the ATH zone 495 (2010)
Price tried to break this zone twice in the recent months, but didn't sustain.. Usually that is the case with ATH breakouts or any breakout for that matter.
It is not the first breakout that matters.. Most of than not, the second/third attempts are stronger.
If we manage to close above 500 next week as well, we can target 600 and 650 in the coming weeks (ideally it should come quick)
Looking at the daily chart, it appears that the script wants to do 520-550 in a hurry.. Let's track next week..
On Daily Chart - Pattern breakout target is 650
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Price tried to break this zone twice in the recent months, but didn't sustain.. Usually that is the case with ATH breakouts or any breakout for that matter.
It is not the first breakout that matters.. Most of than not, the second/third attempts are stronger.
If we manage to close above 500 next week as well, we can target 600 and 650 in the coming weeks (ideally it should come quick)
Looking at the daily chart, it appears that the script wants to do 520-550 in a hurry.. Let's track next week..
On Daily Chart - Pattern breakout target is 650
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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