Vedl- Bullish from short term to very long term
Vedanta- First sign of bullishness shown after two months of fall. Always the lower timeframes indicates the change in trend. So lets start from the smaller timeframes.
1. 15 mins- Low to high and higher low is the first indicator of the bullish trend which can be seen now. Higher high and higher low is not formed clearly still as they are almost at the same level to their previous highs and lows.
1 hour- Formed double bottom because of the same levels of previous highs and lows in the 15 min timeframe. Breaking the resistance of 472 will take it to the target of 490 which again unleashes the Rounding bottom pattern.
Daily- After breaking the Rounding bottom pattern, the target of 533 will be achieved with the intermittent targets of 500 and 520. Weekly- Reaching each and every resistance will unleash the bigger and bigger rounding bottoms with the higher targets until 600 and 670 intially.
1. 15 mins- Low to high and higher low is the first indicator of the bullish trend which can be seen now. Higher high and higher low is not formed clearly still as they are almost at the same level to their previous highs and lows.
1 hour- Formed double bottom because of the same levels of previous highs and lows in the 15 min timeframe. Breaking the resistance of 472 will take it to the target of 490 which again unleashes the Rounding bottom pattern.
Daily- After breaking the Rounding bottom pattern, the target of 533 will be achieved with the intermittent targets of 500 and 520. Weekly- Reaching each and every resistance will unleash the bigger and bigger rounding bottoms with the higher targets until 600 and 670 intially.
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