VEDL
VEDANTA - Investment Opportunity But Vedanta Limited at 184 Stoploss is weekly closing below 146 Target 235 311
Experimenting with a Strategy that I've formedVEDL I feel is going to up by 10 point in the next few days.
This post is to keep a track of my own analysis
SHORT TERM : BUY ON DIPS : VEDANTAVedanta might move towards 176.7/185.4 in the short term. A buy on dips strategy recommended for a better risk reward.
SHORT TERM || VEDL || BULLISH BIASBuy Vedanta for a short term on a dip around 149-150 with a SL of 144 and target of 160. A converging Macd and a rising Rsi from oversold region indicate a short term bullish undertone.
Sell Vedl on rise with SL 158.3Sell Vedanta on a rise with a stop loss of 158.3 and targets of 148.5/146 for 13th Feb.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short Vedanta with SL of 166- IntradaySell VEDL with SL of 166 with targets of 161.1/159.5.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Descending Triangle and Falling Wedge BreakoutStock has formed the Classical Descending Triangle within a Falling Wedge. It has given breakout today with gap. ALthough it made a black candle but still this breakout is valid and gives the opportunity to enter cheap. Those interested in pattern trading could use the setup for the target of 227.50/243.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
