VEDL, 200DMAA bottom was created in January 2016 and since then a strong bull run has continued unabated. In June 2016 50 and 100 DMA gave a upward cross to 200 DMA which boosted the spirit of bulls. Now 350 is the strong resistance zone. So price again seeking support at 200 DMA. History repeats itself. Just as all earlier times, this time too one can expect price to head towards 350-- the resistance zone.
