VEDL can break multiyear consolidation.NSE:VEDL
VEDL is consolidating for near 13 years now. For these many years consolidation means complex correction in Elliott Wave Theory. I label the counts on chart it's clear that VEDL is on last phase of WXY corrective wave. But wave Y is not yet completed I think.
I think VEDL will go near demand zone at least for completion of wave Y which is also near 200 day exponential moving average.
Wave 3 is always strongest in price movement and in volume. So, after wave Y wave 3 of Supercycle wave will start to form.
In most of cases after this many years of consolidation stock moves sharply in it's main direction and in VEDL it will be bullish.
Good For Long Term
My targets for VEDL are:-
1) 800/- which is 1.618 reverse retracement of Supercycle wave 1.
2) 1300/- which is 2.618 reverse retracement of Supercycle wave 1.
Vedanta
VEDL Stock Analysis and Big Demerger NewsHi Friends,
I'm getting queries from many people and so many traders are in panic who are holding VEDL shares. We observed that VEDL looking week since Jun'23 specifically after declare dividend.
I'm already shared levels of 205 to our clients and accumulated more qty yesterday.
What you should know:-
Big News
Vedanta announces demerger to split business into six listed entities
Vedanta announced creation of independent verticals through demerger of underlying companies, mainly its metals, power, aluminum, and oil and gas businesses to unlock potential value.
As stated, the company plans six separate listed entities, namely:
Vedanta Aluminum
Vedanta Oil & Gas
Vedanta Power
Vedanta Steel and Ferrous Materials
Vedanta Base Metals
Vedanta Limited
Vedanta added that the de-merger is planned as a vertical split, for every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the 5 newly listed companies.
VEDANTA LIMITED - A POTENTIAL 5X IN NEXT 3 YEARSClearly visible sentimental extreme on Vedanta Limited - followed by a story of demerger (the knight in shining armor).
Another great signal is a strong bullish engulfing pattern into the closing today.
Long-term wave count:
Stupid as these may sound but we have a potential target of 1500 on this stock - may be higher.
VEDL India - This one goes onto top of the tracking listVedanta has a few things going for it
Bears tried to bring the stock down a few months back and failed. News of fund raising kept it high
News of capital efficiency is coming in and news of a new fund raise by selling off steel assets
COnsolidation on a weekly and daily basis - the stock seems to be waiting for some news
Results will come soon but the last 2 results have been fairly irrelevant - this is now a special situations play
Am tracking this stock closely - any upshift in momentum with volumes is a cue to get onborad
Disclaimer - Trading is inherently very risky and by some estimates 95% of traders lose money. The ideas professed here are only for education and information - they must not be construed as investment advice. Please do your own research before putting any of your capital at risk.
VEDANTA - ATTRACTIVE GROWTH OUTLOOK!!!BUY - VEDANTA LTD
CMP - Rs. 281
Target - 1: Rs. 380
Target - 2: Rs. 440
Target - 3: Rs. 485
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Technicals - Supply Demand Zones
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NOTE: Target - 1 will be achieved within 1 year, and Target - 2&3 will be achieved within 2 years.
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This is just a view by an expert analyst, please invest at your own risk.
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neutral to bearish toneVEDL is neutral at the moment with both bullish and bearish signs
1. a long term 600%+ rise - bull
2. 51 % correction from top - bear
3. classic bull divergence between rsi and price - bull
4. minor hidden bearish divergence between rsi and price
5. a down flag/pennant consolidation
6. RSI is in downtrend
the price is moving with contracting bases challenging the resistance forming an ascending triangle but it got invalidated by a sharp fall, a sell on rise till the resistance taken out decisively.
Vedanta At Breakout ?Vedanta's stock may be reversing its downtrend and starting an uptrend. Technical analysis shows a potential reversal head and shoulders pattern forming in the stock chart. This pattern signals a possible trend reversal when a stock is in a downtrend. It consists of three peaks, with the middle peak being the highest and the other two being lower and roughly equal in height. The pattern is completed when the price breaks above the neckline. Vedanta's stock chart shows a formation that resembles the reversal head and shoulders pattern. If the pattern is confirmed and the price breaks above the neckline, it could signal the start of an uptrend.
VEDL for 30%(approx..) Gain One can check VEDL for 30+ % Gain as the chart is showing. it is symmetric triangle breakout but market is too volatile so please must have a SL near 20 EMA or as per your comfortable. but still the volume is not supporting as per the requirement.
CMP : 330
TG : 430
SL : Below 20 EMA
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
VEDANTA LTD- FORMING A BASE.NSE:VEDL
Vedanta ltd moving in a tight trading range for many weeks now and it have formed a resistance zone of 320-325
will enter the close above 325
other levels are marked on the chart.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
VedantaVedanta
2009,2016,2020 came down from 400 odd levels to 60-70 range; commodity cycle maybe over...now whenever its come down to those levels can add for long term,
add can enjoy hefty dividend(all your investment will be recovered by dividend within an year buying around 60-70)
Disc:Not a Sebi registered
NIFTYMETAL Bullish But....I am very much bullish on METALS But....
Considerations - 4Monthly Chart
Index in focus - CNXMetal
Details -
I have currently taken nifty metal's 4monthly chart, it means that it takes 4 months to form one candlestick
The timeframe will be quite large, the vision that I have might take 1-3 years time
Technically we can see the consolidation happening at a larger time frame near to 52 weeks high
A flag pattern and a correcting RSI
If we manage to break the current ATH then we may see a mega bull run in metal sector irrespective of the commodity price, which I feel have bottomed and will consolidate at current levels.
Only concern is ADANI Enterprise, it has the highest allocation in the sector. Also it is trading at a very very high valuations. It is having an RSI of 97 on 4M candle, I see the correction will be there in next one year or few months. I AM SHORTING FOR SURE!
I feel that the core metal producers will have an upper hand in this rally and not ADANI
BUT.....This is valid if the metal index does a break out above ATH
Top constituents by weightage
Tata Steel Ltd. 20.41
JSW Steel Ltd. 15.83
Hindalco Industries Ltd. 14.76
Vedanta Ltd. 7.80
Jindal Steel & Power Ltd. 4.56
APL Apollo Tubes Ltd. 3.90
Steel Authority of India Ltd. 2.83
Hindustan Zinc Ltd. 1.79
National Aluminium Co. Ltd. 1.57
I am bullish on GPIL and VEDL
Disclaimer - Please DYOR, Don't take any position based on the above calls.