Vedanta-Ltd,price trying to move out of the symmetrical triangle

2017年6月28日

Vedanta, price is forming a symmetrical triangle pattern.
The price has moved above the falling Trend line,so the likely trend is upwards
Can it reach the targets of 248/257.5 with stops at 238

Thanks and Regards

2017年6月29日

交易進行

Target 1 reached with a big white candle (note the body size and relatively smaller wick size) .
Also good volumes seen today.
Can it reach the target 2 258 and move further up to fill the gap zone.

2017年7月7日

交易進行

Second target of 258 was also achieved and went upto 263 and formed a doji followed by a red candle. Now the stops may be placed at 250 as there is a possiblity of gap fillup after a pullback like this.

2017年7月17日

交易進行

The price moved further upwards to 269 after a consolidation in 255-260 zones.
Now the gap is filled.
The price may try to move towards the previous high of 275 or it may face resistance in the gap zone.
The stop is now moved to 260

2017年7月26日

交易結束：目標達成

-The price filled the previous gap zone and made a high of 283. Target reached successfully.
Thanks and Regards