HOW TO FOLLOW ALGO SIGNAL:
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
Price after taking support from the channel bottom which is around 122 levels now once again reached the resistance level of 135.
Script is looking bullish and in a single shot it might reach the channel top of 145. Risk takers can go long now with small stop. !!
What's going on guys!?
Hope you all are keeping yourselves safe and minting money in the past month's bull run of the market.
Been quite some time since my last post, I hope I will be regular in with my future analysis for you moving forward.
I see a buying opportunity in Vedanta and in this post, I want to bring your attention to what I see as a fairly good...
Bearish Rejection at 407, wait for market open to see more rejections and as I said don't just dial, take a call, risk to reward is good on this one. Protect your money and use proper risk management.
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million...
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
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...
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