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
***** 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,...
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.
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buy above current black line sl that below black line and trailing target is above red dash lines.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Price after taking support from the channel bottom which is around 122 levels now once again reached the resistance level of 135.
Script is looking bullish and in a single shot it might reach the channel top of 145. Risk takers can go long now with small stop. !!
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