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rdkriplani
Aug 11, 2021 7:46 PM

Vedanta - Short term trade Long

VEDANTA LTDNSE

Description

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
ari03_ghosh
Have brought 330 CE for August expiry today. let's hope today's fall was just a consolidation after breakout!
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