kiruba94
Long

VEDL short term positional BUY!!

BSE:VEDL   VEDANTA LIMITED
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  • Vedl can be bought now for a target of 260.
  • Stop loss around 242 which is the point from which it gapped up to break the ascending triangle which is a strong buy sign.
  • Best setup is to book half profits at 260 and wait for it to break the resistance zones which will allow it to reach 280 levels.
Comment: can expect the target to be hit within 2-3 days
Comment: reached a high of 259.4 and retracing as expected. book partial profit near the 260 zone trail the rest with 255.5 SL
Comment: continue with CBSL at 321
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