VEDL India - This one goes onto top of the tracking list
Vedanta has a few things going for it
Am tracking this stock closely - any upshift in momentum with volumes is a cue to get onborad
Disclaimer - Trading is inherently very risky and by some estimates 95% of traders lose money. The ideas professed here are only for education and information - they must not be construed as investment advice. Please do your own research before putting any of your capital at risk.
- Bears tried to bring the stock down a few months back and failed. News of fund raising kept it high
- News of capital efficiency is coming in and news of a new fund raise by selling off steel assets
- COnsolidation on a weekly and daily basis - the stock seems to be waiting for some news
- Results will come soon but the last 2 results have been fairly irrelevant - this is now a special situations play
Am tracking this stock closely - any upshift in momentum with volumes is a cue to get onborad
Disclaimer - Trading is inherently very risky and by some estimates 95% of traders lose money. The ideas professed here are only for education and information - they must not be construed as investment advice. Please do your own research before putting any of your capital at risk.
Comment:
2% down on foxconn news - i think that news is already in the market. Observing now to get into the stock at a good price.
Comment:
Still in the box - wait and watch still
Comment:
Still holding the 21 - so nothing to do here. If it fails - then take it off the watchlist
Order cancelled:
Nothing setting up properly - cancel
Best advice ever - Cut your position size by half.
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