VEDL is looking bullish for swing trade

Jan 13, 2022

There is a symmetrical triangle pattern formation in VEDL. It is creating higher lows from the bottom and lower highs from the top. Previously also it created the same pattern and gave a huge up move after the break of it. So, we can enter this stock at 336 and put our stop loss below the trendline. The point here to note is that we are entering the trade before the breakout as we are getting a good risk to reward opportunity. We can square off half our quantity as the price reaches the above trendline and trail our stop loss. And if the breakout happens then we can add more quantity.