VEDL
Metals Short Term BuyVEDANTA is deliciously poised at 200 SMA.
It's been following the metals index as expected.
After a correction following strong rally, this ting is poised to bounce back.
300 at least.
VEDL At TrendlineAt the Peak there is a Raising wedge formed in VEDL as well Near to trend line. In case of trend line break expected to fall
VEDANTA Triple Top BreakoutVEDL has been moving in an rising wedge for a while,it got out of the wedg just to retest the six-year highs couple of times.Right now its back on the edge of the wedge.
Awaiting breakout or reversal on account of the result.
Trade possibility : Descending Broadening Formation The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck
VEDL Head n Shoulder completeVEDANTA completed the head n shoulders and broke out of the neckline, just to the high levels that it hasnt crossed since 6 years.
Today's wick broke the level but closed below it. Can reverse or breakout from there.
VEDL Channel BreakoutVEDANTA is moving in a down channel for a month after touching the 6 year highs.
Currently in breakout /reversal zone.Also near its 618 fb level
VEDL short setupVEDL shows sign of exhaustion and the rising channel is steep and narrow
SHORT VEDL below 318
T1: 307
T2: 290
T3: 278
SL: 329
VEDL - H & S pattern rewardedA bounce back upto 325.25-326.24 will be a great opportunity for shorting with sl 328.60 to get a good reward tgt 1 316 tgt 2 309
If it crosses above 330.5 then buy with sl 326 to tgt 1 339 tgt 348
Symmetric Triangle on VEDLTrade Long:
Long Entry - 324
Target Zone - 328 - 331
Stop loss - 320
Trade Short:
Short Entry - 314
Target Zone - 308 - 305
Stop loss - 318
VEDL BuyGlobal commodity market, especially the metals, is going great guns.
That rally has reflected in Indian commodity stocks too.
After a brief correction from overbought zone and a bounce from 20 day MA, Vedanta looks set to continue the rally.
Immediate target 335
VEDL -Head n Shoulder patternA Head n Shoulder pattern is under formation. above 336 it is negated and below 326 tgt 317 with sl of 331
VEDL- 3 TOP BREAKOUT!!VEDL
just given 3 top brekout at level of now next level is 285 as we are in buying frim 250 there is 4 top break out now 3 again so buy this stock with sl 260 target 285 in next 8-10 days.
Vedanta on Range - Where it will break ?Vedanta on formation of Range and waiting for breakout. Price and Indicators are indicating Neutral trend so need to wait for confirmation on which side will break.
Trade Long:
Buy above - 263.50
Target 1 - 268
Target 2 - 275
Stop loss - 257
Trade Short:
Short below - 257
Target 1 - 250
Target 2 - 253
Stop loss - 263.550
Vedanta - Sell againVedanta Ltd moving into channel.
Recent swing low shows Divergence in Stoch if compared last swing low.
Since its again approaching top of the channel,
once can go short around 245 with a stop loss of 251 with Target of 235-230
VEDANTA: ASCENDING TRIANGLE : Is it ready for a breakout ?An ascending triangle is in formation in Vedanta, and the time is near for a breakout.
Would you ride along?
Filling the Gap on an Impulse?VEDL has been in correction phase after the impulse move and is experiencing resistance on the upside. if it breaks through that pattern downside, it may fill the Gap and moreover it can test the 230 Whole number. If it breaks to the upside, Then the trade will become invalid.
Enter According to the price action.
Vedanta : Absolute Risk, Potential RewardWhy it is Absolute Risk ? Bcos once you take the trade there is No going back, Your Risk is defined for sure & Absolute. Very well before taking the trade we know our Risk & on failure Risk is absolute. But we can't say for sure our trade setup is 100% winner, so there is Potential chance of Reward.
Vedanta just initiating channel formation, LL's indicating downtrend & reversion on trendline retest, so shorts in vedanta if it suits your plan !
BSwing : Vedanta, will you go as planned ?!i) Enter only on Bullish confirmation in the zone, else trade is invalidated, Not blind buy
ii) Either Book Partial profits or trial stops after 245's zone
iii) Its 4 hrs, so patience is the Game
VEDL IN CONSOLIDATION PERIOD Vedanta Limited is in CONSOLIDATION PERIOD. " Buy low - sell high " and vice versa.
Vedanta ( BSwing ) : Ripe for Breakout with Rectanglei) As usual we dont go into game of breakout direction prediction
ii) Anyside breakout we enter with tight stops & quick to reverse on False breaks
iii) Then how come Money will be made ?!
iv) Please check India Cem post to see how to play !
Keep Supporting Buddy's ! Happy Trading & Thanks :)
Triple Top?? VEDLPossible triple top formation for VEDL. I say possible because prices are still rising. I would advise keeping your stop loss at 270 levels to avoid any surprises with upward movement. Wait for price to fall below 242 levels before entering this position
Vedanta approaching channel supportVedanta has been approaching channel support by losing a gain today and ended with bearish sign, it may be approaching the channel support around 261.
