VEDANTA: Multi-Year Breakout: Monthly Timeframe: Oct'24
VEDANTA: Multi-Year Breakout: Monthly Timeframe: Oct'24
- Stock broke the high it made in Mar'10 & Apr'10 (495) in Sep'24. A multi-year breakout on a monthly time frame
- RSI (77.43) is above 60.
- Breakout in Sep happened with above average trade volume (9 SMA)
- Drawdown = 437/-
- Target = Breakout level + Drawdown during consolidation phase = 495 + 437 ~ 930
- ATR = 60.23
- SuperTrend = 288.99
- Stop Loss = 1 ATR below previous month's low = 424.55 - 60.23 ~ 365
- Entry on 03-Oct
Trade active
Bought on 03-Oct-2024 @ 513
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.