VEDL: Good opportunity to buy again

VEDL is pushed back again from long term trending up.

The fundamentals of this company look really good. They have given dividends and the profit jumped to almost 5 times as posted in the last statement.

Recent candlestick formation type at the support level is a good sign that it will be reversed up soon now.

Enter into this now at 252 and aim for 270 or you can hold it for longer term but since this is technical analysis, I would recommend getting out in between 268-272 range.

 

 

What to see?

Look for the volumes change and if that goes higher than previous few days, enter the stock and make profits!

 

Holdings:

So far, we have suggested to buy CUB at about 141 which is now down to 137.60. As I mentioned, 50% investment to be made at this point and next 50% would be at between 128-130 range looking at the pattern for confirmation.

 

I will keep you posted.

 

Please do not forget to comment below with your opinions – they do matter to me!

 

Happy Trading

Pankaj Dhawan

Hello, I am Pankaj Dhawan starting out to share my knowledge in hope to serve you very well, as much as possible and I am open for any criticism.

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VEDL: Good opportunity to buy again

by Pankaj Dhawan time to read: 1 min
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