Look out for opportunities in Vedanta based on the flag and pole pattern formation, possibly on the long side.
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%
MACD showing strength outperforming broader markets Metal sector looking good Vedanta has given breakout from its short term consolidation range. Things looking good.
NSE: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.
NSE:VEDL Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
Triangle Pattern. I expect a good move here. Hopefully it breaks on the upside.
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...
Vedanta 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,...
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.
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...
On breakout, go long Hold for Targets - 287, 297, 305
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...
VEDANTA LTD POSITIONAL) 01-06-2021 TIME FRAME :1 HOUR ENTRY : BUY ABOVE 275 STOP LOSS :268.5 TARGET :280/285 ----------------------------- 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.
Vedanta is bullish and on 1 hr chart it has given breakout: blue Zig zag line (pole) and a flag (symmetric triangle)
Stock 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. You can follow my blog...