dravya

VEDANTA - Chart for upcoming week

NSE:VEDL   VEDANTA LTD
264 views
Here, I have analysed Vedanta which will guide me in making trading decisions for it , for the coming week.

I'll wait for any opportunity that provides good RR.

Sharing if it helps :)
Comment: Monday update : Breaks the yellow trendline and trades lower but constantly stays above the rectangle box.
Comment: Below the blue line now. Weak. Short on any failed attempt to cross it upwards.
Aggresive can do it now itself with around 257.5 SL.
Comment: No failed attempt, very successfully went above the blue line.
Comment: The result of yesterday's
" No failed attempt, very successfully went above the blue line. "

Today, stock goes from 261 to 270 (high) . :)

Gaps up at 265 leaving less opportunities for day traders.
Comment: Alert : trading at blue line now.

Comments

sir what is your view for today
Reply
dravya RahulThorat
@RahulThorat, eatch for breakout in coming days.
Reply
So what do you think now ?
Reply
dravya Basty
@Basty, Not a trading decision yet, I have some work, so very limited trading. What are your thoughts ?
Reply
Basty dravya
@dravya, i went long on friday but some shorts are being built so will probably square it off tomorrow. it also broke the trendline..
Reply
dravya Basty
@Basty, it did break but don't exit above the rectangle line , it's not a trend reversal yet.
Reply
Basty dravya
@dravya, HZL is better than this.
Reply
dravya Basty
@Basty, if you say so :p
Reply
its too messy due to multiple Gap up in recent days , when stock gaps up multiple its often indicates Large event ahead which may be bearish or bullish , Lets watch and see
Cheers
Reply
dravya shiv2798
@shiv2798, Not only this stock, many others and even Nifty has a lot of considerable gap openings lately. Cheers !
Reply
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