Vedanta
VEDANTA LTD---AT Reasonable valuationVedanta ltd --DAILY CHART -- Reasonable valuation
1. stock has bottom out around 200 sub level on daily chart as seen and currenetly trade at 262 level
2. stock has shrp correction form its high 440 sub level due to metal price correction in last 1-2 years as metal price bottom out now stock has good potential to trend reversal from current level .
3. as per chart setup 240-250 is strong support zone for stock and trendline seen support at current level Buy for 255-260 level target 280-300-320 + in short to mid term ( 3-6 month period ) Stop loss can place bellow support line 225
4. positive divergence seen on squeeze momentum indicator which is bullish sign
5. stock currently trading above 21, 50 HMA on DAILY chart .
6. DAILY RSI AT 58 level currently above 60 will extream bullish momentum , macd above center and signal line .
7. Valuation IS Reasonable now at risk to reward ratio . will be 1:3 ( stop loss 30 Rs and projected profit margin 100-120 from current levl)
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
Trade at own risk
HAPPY TRADING .!
VEDL Weekly analysis This is just a view of Vedanta. Now stock is at important trend line, next important supply zone also mentioned in the chart. This is just for education purpose, you can check how stock was behaved once it broken its important resistance previously.
Do your own analysis before taking any trade.
NSE:VEDL
VEDL - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALVEDL is about to Break out and Buy Above 244 and Target 440.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
VEDANTA LTD---INTRADAY SETUP -- 07/07/2022VEDANATA LTD -- 15 min chart -- INTRADAY SETUP
1. Trend reversal sign seen from oversold level at DAILY CHART shown double bottom formation at 208-210 level
2. from extream oversold level pullback can seen now
3. stock above 21, 44, 200 HMA in 15 MIN chart
4. Resistance breakout seen last 15 min candle
5. RSI seen moving upward direction from oversold level
6. BUY CAN Initiate at current level intraday around 214-215 for target 218-220-222 Stop loss 209
7. Intraday support at 212 and resistance 220
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING !!
#VEDL #VEDANTA swing trade opportunityNSE:VEDL
as per these harmonic pattern vedanta limited stock at harmonic PRZ. if find reversal in this PRZ one can accumulate 50% quantiti for long to mid term and swing trades also enter for swing trade with proper risk management.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Vedanta ready for the uptrend!🤩💸🔥Buy Vedanta for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Future view:
The steady growth in both - volumes and metal prices - along with optimum utilisation of capacity should translate to strong growth across verticals in the coming months. Furthermore, the company’s foray into the mining of critical minerals such as nickel and cobalt with significant potential in the manufacturing of stainless steel and lithium-ion batteries for EVs bodes well for future growth.
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✅Both Technically and Fundamentally strong stock.💪💪
The company recently posted the best Q3 Result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Simple Trade Setup | VEDL | 07-02-2022 [INTRADAY]NSE:VEDL
Observations:
1) On 1 day time frame, we can see that it came out from the resistance channel.
Also it came out from the neck line of rounding bottom pattern and closed above 350 level.
Next resistance is at 360 level.
Safe buy on sustainable breakout of 360 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.