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.
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
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...
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 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,...
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.
VEDL BEING UP , FROM DELISTING NEWS (ALMOST LAST 10 TRADING SESSIONS), AND FORMING A BIG RED CANDLE ON DAILY TIME FRAME 0N 11-06-2020 , NOW WE HAVE THE OPPORTUNITY TO SELL THIS COUNTER
VEDL FACES RESISTANCE ON 111-107 PRICE LEVELS .
IMP LEVELS TO WATCH OUT 102.5
SHORT BELOW 101
TARGETS 1. 97.25 , 2. 93.5