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I-Fund-Trader
Jan 3, 2019 1:26 PM

Big Move Coming up , Long  Long

VEDANTA LTDNSE

Description

Now this scrip has a Very Big Move in coming days/ Months , i am potentially looking to GO long on reversal on daily candle , i understand buying at reversal point has very low risk and probably i will stay with trend for longer period then any one will try to stay with trailing the stop
here is another words for you Guys , now time factor i dont know , because few asked me about how long it will take for few of my posts , time is not known to me at least if you Can Gauge it Good for you ,
I will be looking invest in cash as positional trade and let it run for couple of months
One more point i will like to say is that price do not move in straight , so hope you guys will take profit on interim basis and then add position on reversal basis

Trade active

Comment

the move is not significant to say its impulsive , its coming down for one more drop , You can look to exit at cost wait until it completes its last drop
Comments
iElliottician
Superb 👏 Around 184-187
I-Fund-Trader
@iElliottician, Thanks ,
Parasuram
Good one. give the target levels pls
Parasuram
good one.. try and give entry points and also the levels it might go upto and with stops..
I-Fund-Trader
@Parasuram, sir in my view it has drop still , and have to come out the structure to go long , and my target is long term all the way up to 350+, short term you can look to book on daily or 4 hour low as trailing stop for exit , thanks
Parasuram
@MoneyRain, if on monday it it closes above friday high, will it not be reversal?
I-Fund-Trader
@Parasuram, No as per me sir ,
Parasuram
@MoneyRain, so break of the channel is key
I-Fund-Trader
@Parasuram, Yes it should be visibly strong enough and the it should enter in the consolidation phase and we buy only at the end of the consolidation
Parasuram
@Parasuram, what is ur reversal on daily candle
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