VEDL IN CORRECTION

VEDL has completed 1-5 impulsive wave and is in correction which will form ABC pattern.
Wave 3 of 'C' wave is over and wave 4 is in progress. Wave 4 may end between 295-297 from where wave 5 will start. Opportunity to sell call or buy put at 295-297 levels.

Wave 5 may will reach at 256 level or even may go further down if volumes are not increasing.
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Wave Analysis

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