Ascending Triangle Pattern formed in Vedanta 1 Day Chart.
Wait for the breakout of the triangle then take a position
Possible entry will be above 325
SL will be 310
and Target will be 350 / 370 / 400
NSE:VEDL
as per these harmonic pattern vedanta limited stock at harmonic PRZ. if find reversal in this PRZ one can accumulate 50% quantiti for long to mid term and swing trades also enter for swing trade with proper risk management.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation...
Vedanta looking good above 315 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:VEDL
Observations:
1) On 1 day time frame, we can see that it came out from the resistance channel.
Also it came out from the neck line of rounding bottom pattern and closed above 350 level.
Next resistance is at 360 level.
Safe buy on sustainable breakout of 360 level.
Please refer below chart : 1day Time Frame. ...
vedl will remain bullish till the three white soldiers' first candle low does not break and maybe it consolidate at this point because of the good rally. but remains bullish
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...
![VEDL: Simple Trade Setup | VEDL | 07-02-2022 [INTRADAY]](https://s3.tradingview.com/g/GVPzoZKq_mid.png "Simple Trade Setup | VEDL | 07-02-2022 [INTRADAY]")
