Vedanta
vedl bullishvedl will remain bullish till the three white soldiers' first candle low does not break and maybe it consolidate at this point because of the good rally. but remains bullish
VEDANTA: BEARISH A steep fall which can be counted as 12345 impulse , suggests that vedanta stock is taking a correction in the form of a ZIGZAG pattern. The current rise looks like a corrective sequence of short term bearish trend which will complete this zigzag correction. One should look for short opportunity near 310 zone. keeping sl of 328 & target for the region of 260 /240 .
Double Bottom Formation on VedantaVendata Formed Double bottom pattern on monthly time frame. Can be good for long position
#Vedanta breakout in progressBullish divergence met target &daily rounding pattern breakout in progress and weekly approaching a very wide weekly W pattern breakout neckline. Cautious of a weekly bearish divergence emerging &use tight stop loss at rounding pattern neckline
VEDL - Keep a close watch for ATHAll the metal stocks have been on a tear this year, and Vedanta is no different.
While most of the them are currently at their all time highs, Vedanta is still far from its ATH made in 2010.
It is nearing its previous peak of 2018, which will act as a strong resistance zone.
Keep a close watch, and if the share closes above 355, we can expect smooth ride to 440.
Support is currently placed near 315 levels, which can be kept as a stop loss.
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FLAG N POLE PATTERN - VEDANTALook out for opportunities in Vedanta based on the flag and pole pattern formation, possibly on the long side.
VEDANTA LTD MONTHLY BREAKOUT!!! Stock to look out for!!!1) Descending triangle pattern breakout
2) Pivot Points Camarilla R4 breakout
3) Golden cross in WEEKLY Chart
4) Net profit for the Jun-21 quarter grew 4-fold at Rs4,224cr on a yoy basis
5) PE RATIO: 9.64 PB RATIO:1.44 DIVIDENT YIELD:3.16%
Buy VedantaMACD showing strength
outperforming broader markets
Metal sector looking good
Vedanta has given breakout from its short term consolidation range.
Things looking good.
Vedanta to run towards Rs405 by Nov-Dec'21NSE:VEDL has given good breakout and will keep pushing on high towards Rs405 levels by November/December. Steel sector along with metals is in supercycle of bull phase.
Keep in watchlist, use your risk management along with entry strategy to enter the trade if you feel like.
VEDL: 67 Days of ConsolidationNSE:VEDL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
VEDNATA - Awaiting BreakoutTriangle Pattern. I expect a good move here.
Hopefully it breaks on the upside.
VEDANTA Levels ( Intraday & positional)NSE:VEDL
VEDL will be bullish after it crosses and trade above 276. Also it is trading in uptrend channel.
--For Intraday buy above 276. And Targets mentioned on charts are for Intraday purpose.
--For Positional Trade, buy above 276 only and keep next target 296 as per Fibonacci levels.
--If it breaks down the channel then it will go to test the demand till 263. Aggressive intraday trader can short till this level but for safe trader better not to trade in this no trading zone.
--For safe trader it is advisable to short once it break down below 260 with strong Red/bearish candle with volume. Otherwise avoid short in VEDANTA.
Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
Vedanta - Bullish breakoutVedanta had a good breakout from the trendline, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
VEDL Preparing for bullish Move.VEDL has recovered from the oversold region on the RSI indicator. Also, a Golden cross might be seen on the MACD indicator in coming trading sessions.
Pricing is holding above shorter and long-term moving averages.
Longs can be taken with an SL of 249.
Vedanta - Bull flag + Symmetrical triangle. BO soon! Key Highlights:
1. Potential change in MS underway
2. Still in consolidation mode
3. Symmetrical Triangle pattern
4. Flag & Pole formation
5. Early entry will give a better RR ratio
6. Support zone: 262-267
7. Target: 296, 320, 332, 350. Stop loss: 263
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Vedanta , Long , Falling wedge What is Falling Wedge chart pattern?
Rising and falling wedges are a technical chart pattern used to predict trend continuations and trend reversals. The falling wedge is a generally bullish pattern signalling that one will likely see the price break upwards through the wedge and move into an uptrend.
How does it work?
The falling wedge is a bullish stock pattern that begins wide at the top and contracts as prices move lower. It occurs when the price is making lower highs and lower lows which form two contracting lines. The falling wedge usually precedes a reversal to the upside, and this means that you can look for potential buying opportunities.
Volume decreases during the formation of the wedge and should expand on the breakout.
VEDANTA LTD 1 HOUR TIME FRAME VEDANTA LTD POSITIONAL)
01-06-2021
TIME FRAME :1 HOUR
ENTRY : BUY ABOVE 275
STOP LOSS :268.5
TARGET :280/285
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Note: we are not SEBI registered investment advisor. don't take any decision individually.
kindly do your own research or consult your financial advisor before taking any financial decision.
Bullish Flag breakout Vedanta is bullish and on 1 hr chart it has given breakout: blue Zig zag line (pole) and a flag (symmetric triangle)
Trading opportunity in Vedanta LimitedStock is currently forming a falling wedge and descending triangle pattern and is showing signs of support at 264-265 levels on a 1Hr time frame. If the pattern is broken on the upside till 275 could be seen. Upon breaking, 275 levels of 280 and 287 will be the next target. Upon breakdown, a fall till 253 and 250 can be seen.
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