Vedanta Ltd. LONG (Trading Oppurtunity)

87 4
Price is trying and should break this resistance of 246. RSI and MACD both are bullish . Also price is just hugging the 20ema,so it has enough room to run after breakout. One can buy above resistance once you get a clear breakout for targets of 260 and then 271.
Comment: might make a triple bottom and find support at 219-222levels,one can buy there with strict stop loss of 217
Comment: hold all longs,it is forming an ascending triangle,99% percent should give breakout on the upside.
Comment: perfect breakout one can go long!
Comment: Hope you guys enjoyed the move from 247-263!
can hold for higher targets
Trade closed: target reached: 2nd target of 271 also achived today!
whoever wants to stay for 280 can stay in the trade with sl of 264.
looking strong today
stiff resistance at 247,one can short till it doesnt give a breakout above this.
+1 Reply
@vanathi, Thanks
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