Vedanta
Short Term UpsideLike I mentioned in the earlier post, my view is that Vedanta will try to move up side after each consolidation. I see a 1 hour consolidation has possibly ended and its now trying to head higher. In the short term, I expect Vedanta to move back to the top to the 195 levels and beyond before another round of consolidation.
Vedanta Limited Trading IdeaVedanta Limited Daily Chart
Trading Idea for Intraday
Go Short below 174 for target of 171-170 Stop Loss 176.5
Go Long above 176.50 for target of 178-180 Stop Loss 174
By CA.Mahim Dangi
VEDANTA Head And Shoulders Breakout and retest - Short SetupVEDANTA formed a head and shoulders pattern last week and tested the bear trendline today . Can go short once a bearish candle forms around the trendline , stop loss above the shaved bearish bar , and targets for the support levels .
BUY ABOVE 185 for the target of 200VEDL IS LOOKING STRONG FOR THE MONTH MAY LOOK TO FILL THE GAP FIRST
SHORT TERM : BUY ON DIPS : VEDANTAVedanta might move towards 176.7/185.4 in the short term. A buy on dips strategy recommended for a better risk reward.
SHORT TERM || VEDL || BULLISH BIASBuy Vedanta for a short term on a dip around 149-150 with a SL of 144 and target of 160. A converging Macd and a rising Rsi from oversold region indicate a short term bullish undertone.
Sell Vedl on rise with SL 158.3Sell Vedanta on a rise with a stop loss of 158.3 and targets of 148.5/146 for 13th Feb.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
NSE: Vedanta below 159 can hit 116 NSE: Vedanta below 159 can hit 116 or lower to 90
Company fundamentals and growth vision is good.
Current sell off is due to a news related to Anglo American Plc stake buy.
That doesn't justify the cause why purchase?
Given this scenario below 159 stock might fall to 116 or 90 levels.
131 level is one of the long term support level.
Until company come forward and clarify stock might fall.
Sell on Rise.
Short Vedanta with SL of 166- IntradaySell VEDL with SL of 166 with targets of 161.1/159.5.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Vedanta shorts covered. Profit per 1 lot = 72450Idea posted few weeks ago.
Sold 193.25. Covered 162.25
Of course, many more shorting opportunities will open up soon, but covering for now. Let the event dust settle.
Vedanta chart viewVedanta
cmp 195
On hourly charts we observe the stock to be trading in a down trend channel
Consider to sell between 194-196.5
Target 190/185
Keep a SL at today's high
Take care & safe trading...!!!
Descending Triangle and Falling Wedge BreakoutStock has formed the Classical Descending Triangle within a Falling Wedge. It has given breakout today with gap. ALthough it made a black candle but still this breakout is valid and gives the opportunity to enter cheap. Those interested in pattern trading could use the setup for the target of 227.50/243.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
