Vedanta: Positional long
Updated
Vedanta
CMP 88.60
Last time we had given a buy above 95.65 but trade never got triggered.
Now the price has corrected & is in sub 90 levels
This is for positional cash buying. Consider buying in staggered manner.
- one at current price (88 is average for current month)
- use 2nd part only if Vedanta comes at channel support & we see a reversal from there.
Target 94.50 / 97.5 & above 98 we see extension of target 102 / 104.2
Take care & safe trading.
CMP 88.60
Last time we had given a buy above 95.65 but trade never got triggered.
Now the price has corrected & is in sub 90 levels
This is for positional cash buying. Consider buying in staggered manner.
- one at current price (88 is average for current month)
- use 2nd part only if Vedanta comes at channel support & we see a reversal from there.
Target 94.50 / 97.5 & above 98 we see extension of target 102 / 104.2
Take care & safe trading.
Trade closed: target reached
Target of 102 done. High of 102.50That's a 15% gain. Enjoy...!!!
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