VEDL #BUY ABOVE 210 AND #SELL BELOW 203INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 26, 2018)
VEDL #BUY ABOVE 210 AND #SELL BELOW 203
VEDL
SHORT -VEDL- 08/10/2018VEDL
SHORT FROM THE FOLLOWING LEVELS:
ENTRY: 226
SL: 236
INTRADAY TARGETS:
TARGET-1: 223.70
TARGET-2: 221.50
TARGET-3: 219.20
POSITIONAL TARGET : 212.50
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VEDL Neckline & Channel intersectionVEDL is bouncing off the life time Neckline also the channel edge.
VEDANTA Trade Set Up!Vedanta has been in a downtrend for sometime, despite strong fundamentals, amid global pressure on metals due to trade war and other macro-economic factors. We're in a squeeze and a break above the resistance trend line could deliver a great buying opportunity for this natural resources stock.
NSE:VEDL LongVEDL Looks good for a long trade considering,
The divergence in MACD and price at lows of July & August on daily charts
MACD buy signal below Weekly is due. If the price is lead by a break-out above 235 and can lead to a trend reversal with a target of 350 keeping SL below 200
hindzinc likely rally of 4/6 %in the upcoming 4 sessions hindzinc to me personally looks well enough to go long !
VEDL Head n ShouldersVEDL completed the inverted head n shoulder. Its been in a downtrend for long. H&S can mark some correction
Data and chart says VEDL will fall for 200 from 216 . VEDL Short for 200 from 216 . It will be very sharp 1 -2 day
VEDL - Probability of Shark PatternVEDL - Probability of Shark Pattern
Long term support stands @200
Near term resistance at 217-218
hindzinc , hottt buyyyyy will loike to go long in the counter for 3- 5 % upmove , no brain to be used !!!!! stop below 300 level
VEDL Looks like ready to move UPPPPPI'm long @ 250 - ( 1 Lot ) - June Contract
SL = 215
TGT= 300
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Hoping for the best
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My reasoning = Previous Resistance and Support Level and currently bounced from a 0.786 level
VEDL Gartley CompleteVEDL in its ups and downs this year, completed the Gartley. Currently testing a sup/resistance line with a lot of dojis and hammers and stars.. If it happend to reverse, it can complete the Cypher. But it will take a few too many months.
