This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Vedanta On 20 May we had recommended this idea as cash buy for a target of 97.5 & above 98 for extended target of 102 / 104. - first we observed Vedanta trading in upward channel highlighted by the blue lines - we got further cues from trading pattern observed at the green gap zone - it acted as resistance on previous 3 occasions & there was signs of gap...
Vedanta CMP 88.60 Last time we had given a buy above 95.65 but trade never got triggered. Now the price has corrected & is in sub 90 levels This is for positional cash buying. Consider buying in staggered manner. - one at current price (88 is average for current month) - use 2nd part only if Vedanta comes at channel support & we see a reversal from...
On a daily chart VEDL has just broken its previous shoulder and forming its rising shoulder pattern which is a bullish pattern. Short term trader can go long with stop loss at 73.80 and long term investor can maintain their stop loss at 65 which is a very strong support zone. Tripple bottom pattern has been formed at this price. Even the near term resistance is...
Everything mentioned in the chart Do take proper risk management measures.
vedl 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
I 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
Wait for trend line break and level given.
Vedanta 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
FOLLOW TRADE AT YOUR OWN RISK
Buy VEDL above 144 T1: 151 T2: 158 T3: 167 SL: 139
Buy VEDL at 150-154 level, target of 169.80, 1-2 weeks time.
Long Vedanta above 160 on closing basis for Target of 174, 184.
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.