TO AKSHAY DHULE14 Sir,
Thanks for your message and as far as Vedanta is in a consolidation zone for last few days and it has a support at 332 and 324 if it breaks the consolidation zone of 334 level. And as per weekly chart the stock looks weak for a fall. So trade carefully. According to me market invariably indecisive and at this time avoid futures and options...
Vedanta Posted Earlier once the stock above 348 level then target 375 is achievable and it made high of 373 level and closed at 367 level. Today made a fresh entry and also exited profitably. Hope all had a profitable trading day.
Vedanta Gap up the opening with a Bullish Kicker Pattern with above 20 SMA and RSI-13 above 60.
The stock is in an upward trend.
We can go for a Stoploss of 337.50/ Target -392 and BUY ABOVE - 361.20
Educational Purpose only.
The author is not responsible for any loss you make in the real market.
On the last trading day, Nifty Metals had faced the breakdown of his trendline on daily chart. Now it will take support from it's next support level at 5282 & 5169 & then 5000. Such fall in Nifty Metals will cause more panic in market and we will see more decline in price of its major contributor Shares which are Tata Steel (23.56%), JSW Steel (15.38%), Hindalco...
The stock behaviour is within the support and resistance for a 6 month period, but still we have to wait for the uptrend. Their profit multiplied, that's promising on the contrary SEBI recent warning can have an impact so wait for your entry.
as we can see the stock is moving good in channel and i have combined this move with bullish ab=cd all patterns have .618/1.618 values and now third ab -cd is in progress so it must bounce near 305 with stop of 293 for target of 420