TradeTheTip

VEDL | Bullish Channel | Rising Wedge | Short Term Trade

Long
NSE:VEDL   VEDANTA LTD
VEDl formed billish channel or rising wedge . Wait for breakout it may take time as energy sector shows slowdown , 1st target = 148.20 and 2nd target = 171.55 target is totally based on resistance levels
This stocks hold a Major Support Zone .The Lot size = 6200
For early entry prefer daily chart .
118.55 can act as a reversal area . RSI is also supporting
Comment: 62,000 profit running per lot
Comment: because of delisting it fell like this but now it's rejected
Comment: 1 st target is reached
Trade closed: target reached: 2nd target is reached

Comments

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