AhmedabadTradebulls

Buy with stoploss 97.30 target 125.30 and 133

Long
NSE:VEDL   VEDANTA LTD
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Monthly -
1- It is downward channel .
2- Higher High and lower low in last 3 month
3- RSI cmp from over sold territory
Weekly :
1- Macd and RSI are positive
2- Made big candle after 2 week consolidation
3- VEDL has strong weekly resistance Near 125.30

Daily :

1- RSI above 70 Little bit overbougth
2- Volume in upward cruve
3- Crossed Important Resistance (97.90)
4- From last four days making higher High and Higher Low
5- Macd is not inc arsing but positive
6 Today crossed 100 DEMA with almost double volume
7- 125 is reistance weekly-200 MA and channel as well
:

Plan buy in deep with stoploss of 97.90 closing base and exit Near 120-125 try to buy some put Near 125-130

Pattern :

Ascending tryangle breakout occured Breakout height is 35 rs /-

Approx Target is : Near 130

Comments

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