sankatradesindia

VEDL breakout soon?

Long
NSE:VEDL   VEDANTA LTD
Vedanta was seen attempting to break the resistance with good volume .
Could the next trading session see a breakout in Vedanta?

NSE:VEDL

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Comments

This is interesting observation, are you suggesting if it breaks 109, its long. If so, what is the target you suggest and how long. Please share the link me, I am following you.
Thank you in advance.
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sankatradesindia BharathJyeshta
@BharathJyeshta,

Personally I like to get into a long trade if one of the following are true:
1. The break out candle closes 1.5-2% above the breakout zone.
2. One candle after the breakout candle is a long body strong candle that has a higher high and higher low.

It is important to also note the volume (should be good above average).

Lastly, what kind of a timezone are you looking at? If you are a medium term to long term investor, charts show potentials of at least 140-145 from here.
Reply
BharathJyeshta sankatradesindia
@sankatradesindia,

Thank you for your reply. I am short term player about 1-30 days.
I like your ideas and observation. Much appreciated and thanks a lot for it. Would you suggest me the ideas which is in my time frame.

Regards,
Bharath
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interested
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sankatradesindia Trade_Call_Only
@Trade_Call_Only,
Hi,

You had commented on one of my ideas that you were interested to join my telegram channel.
Tradingview does not allow me to share links so I would request you to become a follower so that I can share the links with you easily.

Also, please have a look at my ideas and let me know what you think.

Hope you and your family are doing well. :)

Thanks,
Sanka.
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seriousBoa sankatradesindia
@sankatradesindia, please share the link to me
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@seriousBoa, please follow me.
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