VEDANTA Levels ( Intraday & positional)

Jul 16, 2021

VEDL

VEDL will be bullish after it crosses and trade above 276. Also it is trading in uptrend channel.


--For Intraday buy above 276. And Targets mentioned on charts are for Intraday purpose.

--For Positional Trade, buy above 276 only and keep next target 296 as per Fibonacci levels.

--If it breaks down the channel then it will go to test the demand till 263. Aggressive intraday trader can short till this level but for safe trader better not to trade in this no trading zone.

--For safe trader it is advisable to short once it break down below 260 with strong Red/bearish candle with volume. Otherwise avoid short in VEDANTA.

Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.

All the best for trading in next week. Have a good weekend.