Indicators are slowly turns to bearish side from bullish. One can expect up to 280 range. Stoploss: above 357(closing basis) Vijayaraghavan, Kovilpatti.
Triple Top reversal.. Down Side Can Be Seen In Coming Days
Vedanta Ascending Triangle Breakout TGT 275
Vedanta on formation of Range and waiting for breakout. Price and Indicators are indicating Neutral trend so need to wait for confirmation on which side will break. Trade Long: Buy above - 263.50 Target 1 - 268 Target 2 - 275 Stop loss - 257 Trade Short: Short below - 257 Target 1 - 250 Target 2 - 253 Stop loss - 263.550
Vedanta Ltd moving into channel. Recent swing low shows Divergence in Stoch if compared last swing low. Since its again approaching top of the channel, once can go short around 245 with a stop loss of 251 with Target of 235-230
An ascending triangle is in formation in Vedanta, and the time is near for a breakout. Would you ride along?
Why it is Absolute Risk ? Bcos once you take the trade there is No going back, Your Risk is defined for sure & Absolute. Very well before taking the trade we know our Risk & on failure Risk is absolute. But we can't say for sure our trade setup is 100% winner, so there is Potential chance of Reward. Vedanta just initiating channel formation, LL's indicating...
Bullish divergence observed. Should Vedanta Is long here for Target is Upper Band (245) SL: 230???????
Still time to wait till the price touchs the bottom BB or normally in flat range for a few days before bulls up (5-7%)
i) Enter only on Bullish confirmation in the zone, else trade is invalidated, Not blind buy ii) Either Book Partial profits or trial stops after 245's zone iii) Its 4 hrs, so patience is the Game