On 20 May we had recommended this idea as cash buy for a target of 97.5 & above 98 for extended target of 102 / 104.
- first we observed Vedanta trading in upward channel highlighted by the blue lines
- we got further cues from trading pattern observed at the green gap zone
Last time we had given a buy above 95.65 but trade never got triggered.
Now the price has corrected & is in sub 90 levels
This is for positional cash buying. Consider buying in staggered manner.
- one at current price (88 is average for current month)
- use 2nd part only if Vedanta comes at channel support & we see a reversal from...
vedl with lot of news flow in the counter , despite having it i see the stock as undervalued upto 78 zones , technically weak below it now and from here can try to give a quick upmove for 130 /144 zone
On a daily chart VEDL has just broken its previous shoulder and forming its rising shoulder pattern which is a bullish pattern. Short term trader can go long with stop loss at 73.80 and long term investor can maintain their stop loss at 65 which is a very strong support zone. Tripple bottom pattern has been formed at this price. Even the near term resistance is...
Vedanta is available at very cheap levels and lucrative price, this can be bought at current
price i.e. 63 till 46 Rs as potential downside level
However one should consult their financial advisor before making any
decision to buy or sell equities
VEDANTA IS RESPECTING FIBONACCI`S 50% LVEL AND GETS REJECTED AGAIN AND AGAIN PLUS LONG TERM TRENDLINE IS WORKING AS RESISTANCE TOO SELL NEAR 153 TARGET FOR SHORT IS GIVEN GOOD LUCK
NOTE: ANY NEWS AGAINST OUR ANALYSIS WILL MAKE EVERYTHING INVALID ALSO BUDGET IS NEAR
TRADE AT YOUR OWN RISK