Friday, March 31, 2017


Hi friends,
                   Metals have been the winners all this while in 2016 to 2017 they have been in relentless rally ,Lets look at the chart of VEDL.

Above is monthly chart of VEDL with labeled waves,The rally which started from year 2000 ended by making 5 up in year 2010.
And we had 6 year correction till 2016 making abc correction and a new uptrend started the stock has tremendous potential still for a investor and can scale 500+ over a period of time .A investor shoulds accumulate this in a dip for new investment as the current levels are stretched .Long term this can do very good a multibagger kind this is pure technical view ,Do check fundamental of the conpany to back this .


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