One can check VEDL for 30+ % Gain as the chart is showing. it is symmetric triangle breakout but market is too volatile so please must have a SL near 20 EMA or as per your comfortable. but still the volume is not supporting as per the requirement.
CMP : 330
TG : 430
SL : Below 20 EMA
Disclaimer : It is my personal view as a trader and for educational purpose...
Bullish on Vedanta limited.
RSI 58 bullish on a monthly basis
RSI 65 on daily basis shows bullish but also not in overbought territory.
CMP:-330
Accumulate in the range of 325-330
SL 319 for the very low-risk trader.
Risky trader can keep SL of 305 level
Target 1:- 350
Target 2:- 370
Vedanta
2009,2016,2020 came down from 400 odd levels to 60-70 range; commodity cycle maybe over...now whenever its come down to those levels can add for long term,
add can enjoy hefty dividend(all your investment will be recovered by dividend within an year buying around 60-70)
Disc:Not a Sebi registered
Predicting Cup and Handle Format, if its break 315 Price Zone, then we can expect 35% upwards potential growth in NSE:VEDL .
This is for education purpose only, no indications for any sign for buy or sell call.
#WondersOfPC
All the Parallel Channels namely A, B, C, D & E are SAME in all respect!
And today's opening with gap up is triggering the BO for PC-E
Already Volume gone above 15M+ at opening session only.
CMP:317
ST Target: 350, later 405
Swing trader may SL of 289
While being a good pick for LT portfolio one may add up at every dips
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...
Vedanta had a good breakout from the trendline, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** 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,...
Key Highlights:
1. Potential change in MS underway
2. Still in consolidation mode
3. Symmetrical Triangle pattern
4. Flag & Pole formation
5. Early entry will give a better RR ratio
6. Support zone: 262-267
7. Target: 296, 320, 332, 350. Stop loss: 263
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This...
![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]")
