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Vedanta

VEDANTA: ALGO BUY SIGNALHOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position. 4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X. 5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low. While maintaining the position : 6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position. Exiting the position: 7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately. 10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal. No Trading Zone: 11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
NSE:VEDLLong
by TradingSutra
1
3rd August - 10th August: Vedanta Swing StrategyWhat's going on guys!? Hope you all are keeping yourselves safe and minting money in the past month's bull run of the market. Been quite some time since my last post, I hope I will be regular in with my future analysis for you moving forward. I see a buying opportunity in Vedanta and in this post, I want to bring your attention to what I see as a fairly good Risk to reward setup in Vedanta Ltd . Background: 1. The stock has been in news due to the delisting process. Vedanta's management on 29th July updated that they seek $ 3.25 billion loans to buy back the shares they don't hold. I interpret it as a sign of management's confidence in the business and hope that it will increase prices in the coming week. 2. Nifty metal has been bullish last week and we have seen it forming higher highs and higher lows. Analysis of the Nifty Metal index (on 4hr TF) shows that a breakout has happened at 2125 support line. Vedanta contributes to 5% in nifty Metal index so it gets another plus. Stock Technical Analysis: Analysis Type - Price action, Support & Resistance, Chart patterns, Market structure 1. Coming from steep bull run (as highlighted by the green Trendline), the prices consolidated inside the box (Range highlighted by the grey box) and it appears that the prices are about to try to break this range and going to exit from the box after forming an important market structure near the boundary (highlighted by the purple color support line). 2. Even inside the box, the trend remained positive and the bulls have continued to push the prices up making Higher highs and higher lows (indicated by blue color trendline). 3. The stock tested resistance in the form of the upper boundary of this grey box by giving a false breakout (marked by higher high 3) but had strong wich rejection which means the sellers are present at the boundary of the grey box. Post this the prices consolidated between 110 to 112 range for two days and with this consolidation formed another market structure. This first breakout also filled the previous gap. 4. Another thing to note - If we join the 1 hr wicks in the form of the yellow line, we see an intermediary pullback in prices a recent breakout followed by the testing of the yellow line (Some traders can also see teh formation in this reason as a cup and handle) I see these as good enough evidence to take a buy trade with stop loss place right below the market structure. How to trade Let's talk about Entry, Exit, Target and Stop loss for this trade I am waiting for a clear direction from the market at the start of first week of August to plan on many of these 4 pointers. Still going ahead with what I anticipate to give me more ideas around how I will decide on Entry, Exit, target and Stop loss - Entry - Will wait patiently for the next 3-4 candles to decide on Entry. I am anticipating a pullback to 112.2 levels at which I will enter the trade. If the candles are strongly bearish then I won't enter the trade at 112 levels and will wait for future indications of bulls in the market. Target - Previous HH3 (118) looks like an easily achievable target as per the current market structure. Taken a target of 118.75 to ensure 2:1 Risk to Reward trade. Exit - As the future market structure is going to form after entering the trade we can decide on if to hold patiently till the target of exit any instant. (Keep following this post.. I will be updating the analysis in the future) Stop loss - Placed the stop loss below the market structure which was previously respected. That's all traders for now. Hope you like the analysis and appreciate my effort. Let me know what u think in the comments below Like this post to show ur encouragement. 1 like = 1000 encouragements Will keep on updating this page as the time progresses.
NSE:VEDLLong
by DataScientist-Nitian-learner
2
Don't Just Dial, Take a Call Bearish Rejection at 407, wait for market open to see more rejections and as I said don't just dial, take a call, risk to reward is good on this one. Protect your money and use proper risk management. About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading. Disclaimer:- Don't Listen to me, I'm not a financial advisor
NSE:JUSTDIALLong
by Jass_Mankoo