Aditya_Pandit_0

Vedanta , Long , Falling wedge

Long
NSE:VEDL   VEDANTA LTD
What is Falling Wedge chart pattern?
Rising and falling wedges are a technical chart pattern used to predict trend continuations and trend reversals. The falling wedge is a generally bullish pattern signalling that one will likely see the price break upwards through the wedge and move into an uptrend.

How does it work?
The falling wedge is a bullish stock pattern that begins wide at the top and contracts as prices move lower. It occurs when the price is making lower highs and lower lows which form two contracting lines. The falling wedge usually precedes a reversal to the upside, and this means that you can look for potential buying opportunities.


Volume decreases during the formation of the wedge and should expand on the breakout.
Comment: Use volume flow indicator

Comments

Vedanta 280 call (june expiry), buying price was 13, today (8.6.21) closing price was 7.75, wht should i do now in dis situation....
Reply
sir today possible target 280 ?
Reply
Aditya_Pandit_0 jayeshkarmur1100
@jayeshkarmur1100, hello jayesh till now trade haven’t given breakout , but about a week so , it can touch 280.
Reply
@Aditya_Pandit_0 it gave a breakout today and touched 260
More upside?
Reply
Aditya_Pandit_0 ankur_jain_94
@ankur_jain_94, Hello Ankur It touched 280 and right now it is at 277 , it gave a breakout today because whole metal sector (CNX metal was up) , tomorrow also vedanta will depend on cnx metal
Reply
271 to 282 today
Higher high once again. The trend seems strong. Can we expect 288-296 levels next week?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter