Vedanta: Chart Structure & trade potentialEverything mentioned in the chart
Do take proper risk management measures.
Vedanta
vedl delievery buy view as per chartsvedl with lot of news flow in the counter , despite having it i see the stock as undervalued upto 78 zones , technically weak below it now and from here can try to give a quick upmove for 130 /144 zone
Short Vedanta below 78.5I could see 2 wick which shows selling pressure and a selling volume in vedanta today and multiple candle closed below mid bollinger band. Hence,
Sell below 78.5
SL- 80.5
T- 76.5
VEDANTA Accumulation ZoneVedanta is available at very cheap levels and lucrative price, this can be bought at current
price i.e. 63 till 46 Rs as potential downside level
However one should consult their financial advisor before making any
decision to buy or sell equities
Vedanta Trade Setup & Trend !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 8 times.
Vedanta at parallel channel lineVedanta is trading in Parallel channel zone for almost a year now, if single candle closes above the resistance line it then targets 173/206 for short to medium term. If get rejections at resistance target is lower support line at 110-120 range.
Vedanta - Watch your tradeWatch your trade
Note: it's completely my view ,I don't encourage to take any trade based on this chart, do your own analysis.
VEDL: Symmetrical Triangle Breakout!Vedanta has been in a down trend for about a year and half. This stock has been consolidating in the form of a symmetrical triangle which now appears to be broken. It does look like a good opportunity to join this SHORT ride!
Vedanta - chart Bullish pennant - Pls don't for get to hit like.Vedanta Chart formed Bullish Pennant.
Entry 168.4
Stop Loss - 165.65
Target.. 175
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VEDANTA | Ascending Triangle Ascending triangle pattern observed in Daily time frame. Purely from pattern standpoint it suggests confirmation for a possible Bull trend. However, looking closely at recent price action and Fibonacci levels, 170-174 looks to resist an up move. Hence a daily close above 174 would make the case for Bulls stronger. Alternatively, based on one's individual risk ability one can consider short with stop above 175.
