VEDANTA - Chart for upcoming week Here, I have analysed Vedanta which will guide me in making trading decisions for it , for the coming week.
I'll wait for any opportunity that provides good RR.
Sharing if it helps :)
VEDL
VEDL Channel breakout may see 255 levelVedanta seems to have broken trend line and may go further down from this level,we can see the stock to see the short entry up to 255.
VEDL to approaching channel support 260 Vedanta has been trading in uptrend in a channel it has closed today at resistance and may retrace to support around 260 in near term.
VEDL Diamond Pattern !I am posting nicely formed Diamond pattern , ready to trade to take advantage and timely decision. Good Luck
Vedanta Dow theoryLast time I touched on Vedanta for short term opportunity. The weekly chart is showing a classic pattern based on Dow theory. Clear consolidation phases and markup phases. Let's see if this holds up.
Short VEDL T-220, SL-231Short VEDL near 228 if it is possible, in case of up move add more shorts, or may be at the opening tomorrow. Strict SL- at 231 and target would be 220.
