rk10

Vedanta - Short term trade

Long
NSE:VEDL   VEDANTA LTD
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3
With commodities moving sharply after the US announced the new Infra bill..
Ved could break above the channel.
Long above 325. SL 315 Target 350.
Its a short term trade of of upto 5 days.

At that point vedanta could trigger a massive positional trade with a box breakout (resistance between 350-355) But we would have a nice margin of safety from this lower buy.
Would double the position above 355

Comments

Have brought 330 CE for August expiry today. let's hope today's fall was just a consolidation after breakout!
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