Observed a bullish engulfing pattern near the recent support line with good volume on both the days with the prior trend being a downtrend.Interestingly, the delivery volume on the buying day is around 68% and the overall volume on the buying day is also very high which indicates that there was an aggressive buying today.Both the RSI and MACD confirms the uptrend and the market is expected to be bullish for the next few days.
VEDL-Bullish Engulfing
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Stock Analysis
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Bullish View
Bearish View
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